State bank, telecom biggie dial up growth through partnership
§ The Vietnam Post and Telecom Group (VNPT) has entered into a cooperative deal with Vietnam's third-largest commercial bank to support mutual development.
Under the deal signed Thursday in Hanoi, VNPT and Bank for Development of Vietnam (BIDV) will work together as strategic partners, each reserving a major chunk of shares for the other to purchase on a mutual basis.
The two giant state corporations will utilize services including money transfers through their network of post agents, office transactions, automatic teller machines (ATMs), phone banking and internet banking.
The leading telecoms and banking providers plan to establish fund managers in various fields including energy, telecoms, property and mining.
They will also assist each other in training staff, according to the agreement.
Both sides will act as strategic founding members of fund management companies.
A BIDV representative said the two parties had also discussed either setting up or controlling a major portion of stakes in companies involved in the country?s forthcoming key mega projects.
These comprise the express way connecting the Ho Chi Minh City ? Long Thanh ? Dau Giay, the Vietnam-Laos Hydropower plant, Vietnam ? Cambodia Hydropower plant, and a bank for trade, industry and services of Vietnam.
BIDV and VNPT have long established a close relationship as the bank had used VNPT-sourced services in return for short, medium and long term credit and syndicated loans for telecom projects.
The new formal strategic cooperation with a leading bank will enable VNPT to expand services and develop financial operations with the telecom business.
VNPT, last year, became a member of the ASEAN Telecom Holding Company (ATH/ACASIA), one of the Association of Southeast Asian Nations (ASEAN)'s leading primary network service providers, made up of the six leading telecom providers in the region, namely CAT, Indosat, JTB, PLDT, Singtel and Telekom Malaysia.
§ Vietnam warned investors on Thursday to steer clear of shares in four banks which have been non-operational for years, and to avoid a grey market in stock of banks that have yet to win a trading license.
Amid talk that one of the four, Viet Hoa, may soon re-open its doors after a run on deposits closed it down in the late 1990s, the central bank moved to protect investors from themselves in the red-hot financial sector.
"Recently the central bank has received much information about trading of shares in banks which have been placed under special surveillance or had their license revoked, and trading the right to buy shares of banks which have not been licensed," the central bank said in a statement.
It named four out of 38 partly private banks which were non-operational as of the end of January as Viet Hoa, Nam Do, Vung Tau and Asia-Pacific banks.
"... trading shares in these banks at this time has not sufficient legal basis", the statement said.
Trading in shares of partly-private banks has been active on Vietnam's unregulated markets after sound results in 2006 and high dividend payments of up to 50 percent in some cases, brokers said.
On the regulated market, Sacombank and Asia Commercial Bank are the only available financial investment, and their surging share prices have helped take the Ho Chi Minh City and Hanoi benchmark indexes to record highs in recent weeks.
The central bank said several organizations and individuals had plans to establish new banks, which it named as Van Phong, Tin Nghia, Lien Viet and the Oil and Gas bank, but it said the central bank has not yet licensed their operation.
The prices of bank shares have also been lifted amid moves by foreign banks to buy stakes, and as five state-run banks have been ordered to conduct initial public offerings this year and in 2008.
Next Monday state-run Bank for Foreign Trade, Vietnam's second-largest bank, will sign a contract to hire global investment bank Credit Suisse to advice on its partial privatization, banking officials said.
Deutsche Bank has been picked to advice state-run Mekong Delta Housing Development Bank for its IPO, State Bank of Vietnam Deputy Governor Phung Khac Ke told Reuters on Tuesday.
The selection of foreign consultants takes communist-run Vietnam further in its reform of the banking sector after it joined the World Trade Organization last month.
Last Thursday, Deutsche Bank said it had agreed to buy 20 percent of stake at an undisclosed value in Hanoi Building Bank, Vietnam's sixth largest partly private commercial bank.
HSBC Holdings Plc. plans to spend $71.5 million to double its stake in Techcombank to 20 percent once it is allowed to do so.
The government is expected to soon double the foreign ownership curb for an individual investor in a local bank to 20 percent.
Citigroup, Standard Chartered , ANZ , Oversea-Chinese Banking Corp. , BNP Paribas and United Overseas Bank also have business interest or hold up to 10 percent of stake in a Vietnamese bank.
§ News Language: VNM ? Appointed new vice director and establish sub-company 2/13/2007 TTGDCK-HCMC Trading information dated Feb.13,2007 2/13/2007 SSI HoSTC- Daily trading summary dated Feb.13,2007 2/13/2007 SSI DIC ? BODs meeting contents 2/13/2007 TTGDCK-HCMC TMC ? Announces the record date to held the annual meeting in 2006 2/13/2007 TTGDCK-HCMC SFI ? Announces the record date to pay dividend and held the annual meeting in 2006 2/13/2007 TTGDCK-HCMC PVD ? Insider trading 2/13/2007 TTGDCK-HCMC GMD ? Insider trading 2/13/2007 TTGDCK-HCMC VNM ? Insider trading 2/13/2007 TTGDCK-HCMC SSC ? Insider trading 2/13/2007 TTGDCK-HCMC HaSTC - Daily trading summary dated 13 Feb. 2007 2/13/2007 SSI Trading information dated Feb.12, 2007 2/12/2007 SSI SFI ? Insider trading 2/12/2007 TTGDCK-HCMC CAN ? pay 2nd 2006 dividend and held the shareholders meeting in 2007 2/12/2007 TTGDCK-HCMC TTP ? announces the business performance in 2006. 2/12/2007 TTGDCK-HCMC
Families often spend large amounts of money on food, flowers and firecrackers for Tet. They take to the streets and join crowds setting off firecrackers. These are meant to repel the evil spirit Na A, who is said to be frightened away by noise and bright lights, before the new year begins
Tet is also the time to forgive, cancel debts and put last years problems behind you. Hundreds of people gather in prayer at the Buddhist pagodas, and for a travellers it's a great time to observe the Mahayana Buddhist and Confuscious rituals that are an important part of Vietnamese life
Zertifikat über die Bank in CH orderbar..(wenn die Bank ein Akommen hat).
Ein paar Infos dazu 1.tranche Restlos ausverkauft !!!
ML Dynamic Vietnam Basket - in USD und 2. Tranche CHF
* Erste Tranche vom ML Dynamic Vietnam Basket in CHF (Valor 2'891'932) ist ausverkauft * ML Dynamic Vietnam Basket Zertifikat in CHF II (Valor 2'924'879) - Zeichnungsfrist: 2. März 2007 * ML Dynamic Vietnam Basket Zertifikat in USD (Valor 2'915'834) - Zeichnungsfrist: 23. Februar 2007 * Zertifikate auf den ML Dynamic Vietnam Basket * Laufzeit 10 Jahre, Emissionspreis CHF 100 / USD 100 * Kotierung an der SWX wird beantragt
HA NOI ? A consulting agreement signed between Credit Suisse and Vietcombank this week sounds the starting pistol in this year?s race to equitise Viet Nam?s major State-owned banks.
It also marks another milestone in the growth and development of Vietcombank, the nation?s leading bank.
The equitisation of Vietcombank has drawn much attention from the international financial community, and the bank has received many offers from financial institutions in the US, EU, and Asia to co-operate in its equitisation process.
Credit Suisse was ultimately selected as the foreign consultant best suited to shepherd Vietcombank through a rapid course this year.
For an undisclosed amount, Credit Suisse will assist Vietcombank in making its initial public offering (IPO) of shares on the domestic stock market by July, select strategic partners by October, and to make an IPO on an overseas market by next year.
The bank projects to list shares on the HCM Securities Trading Centre, and soon after debuting on the domestic market, Vietcombank will work together with Credit Suisse to decide upon the appropriate overseas market for listing.
The consultant will act as an advisor until Vietcombank completes the international IPO.
The Government will allow Vietcombank to select its own strategic partners, and Credit Suisse, as the foreign consultant during the equitisation process, will not be eligible to become a strategic partner under Vietnamese regulations.
In the end of the IPOs, the State will continue to hold 70 per cent of Vietcombank shares. The bank will issue less than 10 per cent of shares at each IPO. In the IPO on the domestic market, whether or not Vietcombank will allow foreign investors to participate and buy shares is still under review.
Credit Suisse will provide Vietcombank with solutions to convert bonds to shares, management techniques of financial groups, and solutions to deal with bad debts, and risk and asset management.
The success as well as shortcomings in the process of equitisating Vietcombank will provide precious lessons for other State-owned banks lining up to equitise this year, especially Mekong Housing Bank (MHB), Incombank, and the Bank for Investment and Development of Viet Nam (BIDV) all of which are moving quickly to carry out equtisation.
The equitisation process of Vietcombank may differ from that of other banks as it expects to apply strict international criteria to the process. Under its plan to 2015, Vietcombank will strive to become one of the region?s top 70 financial institutions. Vietcombank has been expanding to life insurance and investment fund management sectors with representatives in overseas market.
On February 12, 2007, Vietcombank received a ?BB/B? credit ratings from Standard & Poor?s which has also assigned a ?D? for the stability of the bank. The credit ratings for Vietcombank were therefore as high as Viet Nam?s sovereign ratings and the highest ratings S&P has granted to a financial institution in Viet Nam.
In 2006, Vietcombank held VND171.86 trillion (US$10.74 billion) in total assets and accounted for 27 per cent of the domestic banking market. The bank also earned VND3.6 trillion ($225 million) in pre-tax profits, up 14.5 per cent year-on-year. ? VNS
Seit Vietnam WTO-Mtglied ist, wird es für Investoren erst richtig interessant. Mit dem neuen Börsengesetzt und den anstehende Privatisierungen scheint der Bomm dort erst zu beginnen. Schaut euch mal den Global Opportunities Fund von AMCFM an, der investiert mit Schwerpunkt in Vietnam.
Vietnam's economy grew 7.7% year-on-year in the first quarter of this year, which is below the government's target of 8.0% for the quarter, but the strongest first-quarter growth rate since 2001 and above the 7.2% rise in the same quarter by 2006. Vietnam also reported its industrial output in the first quarter rose 16.6% to US$8.1 billion, buoyed by a 29.8% jump in car and truck assembly and a 21% rise in motorcycle production.
Singapore exchange holds conference on listing abroad 06-APR-2007 Intellasia | Ministry of Finance Apr 6, 2007 - 7:00:04 AM
§ A conference on listing on international stock markets was held by Hanoi Securities Trading Centre (HASTC) and the Singaporean Exchange Ltd (SGX) on April 2.
The conference is part of the framework agreement on connecting the two country?s economies which was signed in December 2005 to help Vietnamese companies to list on international stock exchanges.
Singaporean participants included the trade minister, representatives of SGX and stock market experts and the Vietnamese participants included the finance minister Vu Van Ninh, representatives of the State Securities Commission of Vietnam (SSC), representatives of HASTC, and listed companies and brokers.
At the conference, participants concentrated on the overview of Vietnam and Singapore?s stock markets, especially on which way Vietnamese businesses could meet standards on listing on the SGX. After the conference, SGX said it would hold meetings with Vietnamese businesses that are considering an IPO to consult on what is required.
momentan kannst Du ausser Viet Bank keine Einzelaktien kaufen, wird aber kommen...
Konkurs ausgeschlossen...;-) ?
Alles andere sind verschiedene Aktientöpfe Fonds (s a.thread VIETNAM - Good Morning Vi.; bzw den Anfang dieses threads und den Vergleich/Entwicklung unter dem offenen Depot "GGodd Morning Vietnam" unter skunk works..
: Industrial and Commercial Bank of Vietnam
Incombank to choose two foreign strategic shareholders
The State-run Industrial and Commercial Bank of Vietnam (Incombank) is proposing to the State Bank of Vietnam and government to sell 49% of its shares this year, said a top Incombank official. Apr 28, 2007 - 7:00:12 AM
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