Posts Tagged ‘ securities ’

Vietnam to have one national stock exchange 

January 18, 2012
Vietnam to have one national stock exchange 

Vietnam now has two stock exchanges, both of which are small Vietnam will only have one stock exchange instead of two as at present under the Finance Ministry’s plans to restructure the securities market in 2012. Under a new plan approved by the ministry last week, market reforms will focus on reorganizing the country’s stock exchanges and [...]

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Vietnam stock traders at risk as brokerages struggle 

December 16, 2011
Vietnam stock traders at risk as brokerages struggle 

Investors at SME Securities Corp. Many stock investors are facing the risk of losing all their money as securities companies — after illegally using funds deposited by clients — are stuck in liquidity problems. Economist Dinh The Hien said a lot of stock brokerages have acted like small banks. Although they are not allowed to, [...]

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Don’t be too hopeful, stock investors told 

December 5, 2011
Don’t be too hopeful, stock investors told 

  Slowing inflation and talk of financial reforms have not boosted market sentiment as expected, and analysts are predicting the worst will not be over any time soon. Phan Dung Khanh, research manager at Kim Eng Vietnam Securities Co., said the stock market may move sideways or only recover slightly next year. Macroeconomic measures taken [...]

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Vietnam bonds fall as banks’ demand cools; dong little changed 

November 8, 2011
Vietnam bonds fall as banks’ demand cools; dong little changed 

  Vietnam’s bonds declined on signs bank demand for the securities is weakening. The dong was stable. Vietnam’s bonds declined on signs bank demand for the securities is weakening. The dong was stable. The State Treasury sold a total of VND1.1 trillion ($52.4 million) of three-year and five-year notes on Nov. 3, less than the [...]

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Citigroup finds obeying the law is too darn hard 

November 5, 2011
Citigroup finds obeying the law is too darn hard 

  Five times since 2003 the Securities and Exchange Commission has accused Citigroup Inc.’s main broker-dealer subsidiary of securities fraud. On each occasion the company’s SEC settlements have followed a familiar pattern. Citigroup neither admitted nor denied the SEC’s claims. And the company consented to the entry of either a court injunction or an SEC [...]

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Vietnam’s HSC to boost advisory works as M&A deals accelerate 

September 16, 2011
Vietnam’s HSC to boost advisory works as M&A deals accelerate 

  Ho Chi Minh City Securities Corp., Vietnam’s second-biggest brokerage by market share, expects its advisory business to grow as much as two-thirds as overseas and local companies tap into the nation’s rising consumer spending. The securities firm, also known as HSC, typically has 30 to 35 advisory deals ongoing per year, Chief Executive Officer [...]

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Bank of America kept AIG legal threat under wraps 

August 31, 2011
Bank of America kept AIG legal threat under wraps 

The American International Group (AIG) building is seen in New York's financial district March 16, 2009. Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with [...]

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China mulls new regulator for state financial sector 

August 3, 2011
China mulls new regulator for state financial sector 

An investor smiles as she walks past screens showing stock information at a brokerage house in Wuhan, Hubei province June 24, 2011. China is considering a proposal to create a ministerial-level body to manage its state-owned banks and non-bank financial enterprises, two sources with knowledge of the plan said, a move that would strengthen Beijing’s [...]

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Stock market still waiting for good news 

July 24, 2011
Stock market still waiting for good news 

The Vietnamese stock market is undergoing a prolonged slump When the Ministry of Finance issued a new circular to ease stock trading restrictions on June 1, investors and experts welcomed it, saying it would improve liquidity and market transparency. But with Circular 74 to take effect soon, on August 1, securities companies worry that the [...]

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Citi acquires stake in Vietnamese securites firm 

July 3, 2011
Citi acquires stake in Vietnamese securites firm 

Citigroup has become one of the first foreign financial institutions to invest in a Vietnamese securities firm. Citigroup announced Friday that it has acquired a 9.9 percent stake in Vietnam’s Horizon Securities Corporation, becoming one of the first foreign financial institutions to invest in a local securities firm. The investment, subject to regulatory approval, will [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...