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Vietnam securities watchdog urges trading groups to stay clear of cryptocurrencies

The Hanoitimes – Prime Minister Nguyen Xuan Phuc in early April urged greater vigilance against cryptocurrency transaction and investment, while using cryptocurrencies as means of payment is prohibited in Vietnam. The State Securities Commission of Vietnam (SSC), the country’s stock market watchdog, requested securities trading organizations to refrain from offering services in consulting, brokering, issuing or […]

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Vietnam: FDI might suffer from high VND devaluation

The Hanoitimes – The foreign direct investment (FDI) capital inflow to Vietnam can reduce significantly if the Vietnamese dong (VND) – the local currency – devalues sharply against the US dollar. Due to impacts from the US-China trade war, the dong has lost 1.5 percent against the dollar this year. In this context, some experts said […]

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ThaiBev takes the reins of Sabeco after M&A

The Hanoitimes – Saigon Beer Alcohol Beverage Corp (Sabeco)`s shareholders approved a new board including seven members, of which four were nominated by ThaiBev – controlled by tycoon Charoen Sirivadhanabhakdi through its local unit Vietnam Beverage. The board of Sabeco has elected Neo Gim Siong Bennett as its new CEO for the 2018 – 2023 period […]

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