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Update news investors

US stocks end lower amid budget anxiety

 US stocks ended a volatile day lower as investors remained cautious over the lack of progress in Washington budget talks.

Showpiece casino lacking investors

VinaCapital has failed to find a partner for jointly developing a $4 billion casino integrated resort project in central province of Quang Nam, overshooting their own deadline to secure a partner in the third quarter of this year.

Biggest incentives for the first PPP project in Vietnam

 VietNamNet Bridge - Foreign investors are very interested in the Dau Giay - Phan Thiet highway projects, after a series of preferential policies are announced.

Shares subside as investors remain cautious

 VietNamNet Bridge – Transactions for short-term purposes continued to dominate the market last week, creating both increasing and declining sessions. Foreign investors bought blue chips, helping reduce the panic caused by market pessimism.

Investors advised to be wary of bank shares

 VietNamNet Bridge – Investors should be wary of investing in bank shares as the industry faces potential shake-ups in the near future.

Finance reports make investors puzzled

In principle, listed companies’ finance reports are the most important sources of information for investor to consider. However, the investors in Vietnam have learnt from their experiences that they should not believe the reports.

Vietnamese investors bury their money at “gambling arenas”

 VietNamNet Bridge – “Underground” foreign exchanges have been mushrooming, operating under the cover of “investment consultancy firms.” The foreign exchanges have been “living well” on the investors’ greed.

To settle FDI consequences, Vietnam needs to amend laws

 VietNamNet Bridge – Vietnam now takes the consequence of the period of trying to attract foreign direct investment (FDI) at any cost. However, the legal framework is not clear enough to do this.

Government backs more foreign holdings

 VietNamNet Bridge – The Government Office has lent its support to a proposal allowing foreign firms a greater stake holding in listed companies, the Dau tu chung khoan newspaper has reported.

The owners of ten 5-star hotels in Hanoi

 VietNamNet Bridge - Many 5-star hotels in Hanoi are owned by Vietnamese companies although most of them were built with foreign funds.

Construction of Nghi Son Refinery delayed to September

The Chairman of Vietnam Oil and Gas Group (PetroVietnam) said the foreign partners had settle $5 billion for the Nghi Son oil refinery project but the construction will be kicked of in September, instead of July.

HCM City to revoke licences for 100 projects

 VietNamNet Bridge – The government of HCM City has decided to take back land and licences it had given to more than 100 development projects.

Retail woes pose investor headache

 VietNamNet Bridge – Struggling retailers forced to close down or cede their business to others in Ha Noi shopping centres have caused difficulties for the investors.

BUSINESS IN BRIEF 24/6

 Chandler Corp. pours $99 mln into Vietnam medical deal; Garment sector dressed for success; Cooking oil products fry local competitors; Coal exports likely to fall this year

Investors tee-up golf course deals

Vietnamese property investors seem to be more confident in engaging in merger and acquisitions (M&A) in golf courses as some foreign companies facing financial difficulties in their developed nations are opting out of the sector.

Japan factory output up 1.7%, but deflation remains

 Japanese factories churned out a better-than-expected performance in April, but the upbeat data Friday was tempered as the export powerhouse remained mired in deflation.

Securities companies sold for next to nothing

VietNamNet Bridge – A lot of securities companies have been put on sale. These include the ones with bad financial situation, offered to be given away.

Bottled green tea market: big sharks would swallow small fishes?

The competition among bottled green tea market is getting stiffer. However, no one can say for sure that the brands with powerful financial capability would be able to crush weaker rivals.

Vietnam gears up for the program to recycle garbage

Investors are willing to spend money to build modern garbage treatment plants which would generate electricity and make compost fertilizer. However, they need the amounts of garbage big enough to run.

Where have the 6 tons of gold gone?

The major purpose of the gold bidding is to stabilize the market. However, the goal remains unattainable after 6 bidding sessions were organized.