Though the unofficial value of the Vietnamese dong is now down about 3 per cent against the US dollar, the rate is still a smaller depreciation than that seen by most of Viet Nam’s regional peers and expected to stabilise...
Shares of the construction conglomerate Cotec Construction Joint Stock Company (Coteccons), coded CTD, have recovered strongly since early November, climbing by 14 per cent after two foreign management funds announced they would increase their holdings in the company.
On February 26, Mirae Asset Management signed a joint venture agreement with an investment arm of Viet Nam’s State Capital Investment Corporation (SCIC) to form a management fund.
Fund management companies in Viet Nam show little interest in setting up
real-estate investment funds under new Ministry of Finance regulations
coming into force on July 1.
