upcoming events

Nov 2019
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

Survey

1. What do you consider the largest Risk for your company?

2. What are the Risk Mitigation Strategies you apply?

Submit

Galleries

This event is open for all professionals interested or currently working in Starups in Hanoi, or supply chai professionals in Hanoi, or who are interested in looking for business collaboration for U.S. market through meeting with a delegation of Baylor University (U.S.), Executive Master Program.

CAREER OPPORTUNITIES

SOURCING / BUSINESS DEVELOPMENT MANAGER - FERGUSON GLOBAL

Ferguson Global is seeking a Sourcing / Business Development Manager to assist in our Southeast Asia sourcing expansion. This position will report directly to our Regional Manager based in Taiwan and work closely with our staff at Ferguson Enterprises, LLC headquarters in Newport News, VA, USA.

PROJECT MANAGER - ALCON SINGAPORE

The Project Manager (PMO) is a highly visible role that is responsible for driving the transformation activities for Singapore Replenishment Center (SRC) and 3rd party service providers’ warehouses migration from current location to a new location. This leader will lead cross-functional internal and external resources and has overall accountability of the execution and performance of projects and transformation initiatives.

WAREHOUSE OPERATION MANAGER - MAERSK

Manage DC daily operation activities at warehouse facility. To ensure strict execution of the SOP and meet KPIs.

HSBC Swaps Vietnam For Sri Lanka

2016-05-05 14:52:22

Share with friends
Vietnam has returned 4.2%in local currency terms this year but the rally appears to be losing steam. Meanwhile, Sri Lanka has fallen 6.8% due to concerns over the country’s balance of payment account. Its short-term external debt already exceeds 100% of its GDP.
 
On April 29, the Sri Lankan government reached an agreement with the IMF for a $1.5 billion three-year Extended Fund Facility. This would give Sri Lanka breathing room to replenish its foreign exchange reserves and to conduct structural reforms such as the tax reform, according to HSBC, which upgraded Sri Lanka and downgraded Vietnam today.
 
But more importantly, the last time Sri Lanka received help from the IMF, its local stock market rallied big time. Sri Lanka last sought IMF help in 2009 and received the final tranche of a $2.6 billion loan in 2012; its local equity market rose 42% in the following six months. “We expect to see another strong bounce, especially as valuations look reasonable,” wrote HSBC. Sri Lanka trades at 13.6 times historical earnings.
 
Meanwhile, HSBC thinks Vietnam’s rally has lost steam lately. “Our economist, Izumi Devalier, recently cut her full-year real GDP forecast for 2016 to 6.3% y-o-y from 6.7%, citing government funding constraints which will lower the pace of public investment… Meanwhile, the pace of privatisation of SOEs has been below expectations. The government sold stakes in 422 SOEs over 2011-15, which is 78% below the initial target.”
 
In addition, Vietnam is no longer cheap. It is trading at 13 times historical earnings, a 7.8% premium to its average since January 2011.
 
Year-to-date, the VanEck Vectors Vietnam ETF (VNM) has fallen 4.5% and the iShares MSCI Frontier 100 ETF (FM) has gained 0.8%.
 
Source: Barrons.