Advertisements Getting around by bicycle was once a traditional transportation method in Việt Nam’s capital city. But as time moved on, so too did travel habits, and push bikes were quickly overtaken by motorcycles on Hà Nội’s roads. Now it seems cycles are making a comeback, thanks mainly to the COVID-19 pandemic. With the closureContinue reading “Bicycle sales boom during pandemic”
Category Archives: Finance
VN-Index edges up in third consecutive gaining session
Advertisements Visit Vietnam Insider’s homepage for more stories Vietnam’s benchmark VN-Index gained 0.41 percent to 1,367.36 points Tuesday, staying in the green for three sessions in a row. The index fluctuated in and out of the red for most of the morning session, going as low as 1,356.59 points before gradually rising and remaining inContinue reading “VN-Index edges up in third consecutive gaining session”
Many banks in Vietnam raise their charter capital quickly
Advertisements Many lenders in Vietnam are planning to raise their charter capital by double-digit percentages this year, expecting an increase in post pandemic credit demand. A capital increase would also help banks have more reserves in covering bad debts which are rising because businesses have fallen into difficulties Visit Vietnam Insider’s homepage for more stories.Continue reading “Many banks in Vietnam raise their charter capital quickly”
FPT-developed trading system ready by next month
Advertisements Visit Vietnam Insider’s homepage for more stories A trading system developed by tech giant FPT is set to help ease overload on the main HoSE bourse starting next month. The transition from the existing Ho Chi Minh Stock Exchange (HoSE) system to FPT’s will be conducted in the last three weeks of this month,Continue reading “FPT-developed trading system ready by next month”
Domestic retail petrol prices reach 16-month record high
Advertisements Visit Vietnam Insider’s homepage for more stories Domestic retail petrol prices rose by more than VND600 per litre at 3 p.m. on June 11 following the latest price adjustments made by both the Ministry of Industry and Trade and the Ministry of Finance. According to the latest changes, the retail price of E5 RONContinue reading “Domestic retail petrol prices reach 16-month record high”
Finance ministry to inspect HoSE over recurring trading system crashes
Advertisements Visit Vietnam Insider’s homepage for more stories The HoSE has also announced the imminent test of a new trading system provided by the Korea Exchange from June 14-August 8. Amid recurring trading system crashes on the Ho Chi Minh City Stock Exchange (HoSE), Minister of Finance Ho Duc Phoc has requested the ministry’s inspectorateContinue reading “Finance ministry to inspect HoSE over recurring trading system crashes”
Market wrap: Large caps weigh on VN-Index
The VN-Index dipped seven tenths of a percent on Thursday with 21 of the VN30 Index’s 30 components falling as investors remain cautious about the recent congestion issues affecting the HOSE trading system.
Vietnam is one of the fastest growing economies, with extremely strong foreign direct investment inflow and high productivity growth: BCG
Vietnam’s high GDP growth makes it an attractive market to watch, particularly given its relative success in curbing the COVID-19 pandemic.
Auto sales rise 53 percent
Advertisements Visit Vietnam Insider’s homepage for more stories Auto sales rose 53 percent year-on-year in the first five months to 126,894 units. Passenger vehicles accounted for 70 percent and commercial and special-purpose vehicles for the rest, according to the Vietnam Automobile Manufacturers Association (VAMA). Truong Hai Auto Corporation, which manufactures its own vehicles and assembles foreignContinue reading “Auto sales rise 53 percent”
Government plans to borrow VNĐ1.7 quadrillion in 2021-23
Advertisements Visit Vietnam Insider’s homepage for more stories The Vietnamese Government plans to borrow more than VNĐ1.7 quadrillion (US$73.2 billion) in the 2021-23 period to meet the capital demand for socio-economic development, according to the public debt management plan for the next three years approved late last week. The borrowing aimed to ensure a balance for theContinue reading “Government plans to borrow VNĐ1.7 quadrillion in 2021-23”
Despite latest wave of Covid-19, Vietnam’s benchmark index is the region’s top performer
Advertisements Despite Virus Resurgence, the benchmark index of Vietnam is the region’s top performer with a 21% gain this year. Analysts say it has further to run. The Vietnam Ho Chi Minh Stock Index could rise as much as 12% more to 1,500 points by the end of the year, analysts say, supported by retailContinue reading “Despite latest wave of Covid-19, Vietnam’s benchmark index is the region’s top performer”
VN-Index plunges steepest in 10 weeks
Advertisements Visit Vietnam Insider’s homepage for more stories Vietnam’s benchmark VN-Index plunged 1.11 percent to 1,358.78 points Monday, the biggest fall in a day in over 10 weeks. The index stayed in the green with a near 2-point gain in the first 45 minutes of trading, showing signs of overload before dipping to around 1,347.Continue reading “VN-Index plunges steepest in 10 weeks”
VN-Index has been one of the best performing in the world
Advertisements Vietnam’s benchmark Vn-Index may hit 1,400 in short-term. The VN-Index has been one of the best performing in the world with an expansion of 34.51% in the past six months. The market benchmark VN-Index will likely surpass the 1,400-mark in short term following a rise of over 4% at the close last week toContinue reading “VN-Index has been one of the best performing in the world”
Moody’s upgrades HDBank’s credit rating outlook to positive from stable
Advertisements Moody’s Investors Service has affirmed the B1 long-term local and foreign currency deposit and issuer ratings for the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank). It has also changed the outlook on the long-term deposit and issuer ratings of HDBank to positive from stable. The positive outlook on the ratings ofContinue reading “Moody’s upgrades HDBank’s credit rating outlook to positive from stable”
VN-Index hits fresh high in May
Advertisements VNI reached a new high in May despite a resurgence in COVID-19 cases. From the start of Vietnam’s fourth wave of COVID-19 (April 27) to the end of May, the country reported 4,245 domestic cases, accounting for nearly 75% of total domestic cases since the COVID-19 pandemic began. However, the resurgence of COVID-19 casesContinue reading “VN-Index hits fresh high in May”