Advertisements The flow of money from several hundred thousand newly-opened accounts into the stock market has expanded the pockets of Vietnamese billionaires by hundreds of millions of US dollars in a short time. After reaching an unprecedented high level of more than VND28 trillion last week, in the last trading session of May, all threeContinue reading “Large cash flow supports Vietnam’s stock market grow explosively and set new peaks”
Category Archives: Finance
After the US censure, Vietnam is intervening in the currency
Advertisements The US had branded Vietnam as a manipulator on the financial market, but several months later, we see that the country is intervening in the foreign exchange market again, however, some specialists believe that it is an unusual method and has a lot of details to be taken into account. The State Bank ofContinue reading “After the US censure, Vietnam is intervening in the currency”
Vietnamese economy to reach 6.7% in 2021: Standard Chartered
Advertisements Visit Vietnam Insider’s homepage for more stories Vietnam’s GDP growth rate is projected to reach 6.7% in 2021 and climb to 7.3% in 2022, one of the best performers in the world amidst the COVID-19 pandemic, according to Standard Chartered. In its recent report entitled “Vietnam – Strong performance continues this year”, the bankingContinue reading “Vietnamese economy to reach 6.7% in 2021: Standard Chartered”
Vietnam police asked to monitor person who registered firms with almost $23billion in charter capital
Advertisements Visit Vietnam Insider’s homepage for more stories The Ho Chi Minh City Department of Planning and Investment has asked the municipal police department and the Ministry of Public Security to ‘keep an eye’ on an individual who recently registered for some businesses with a charter capital of almost US$23 billion. A source close to Tuoi Tre (Youth) newspaper confirmedContinue reading “Vietnam police asked to monitor person who registered firms with almost $23billion in charter capital”
Here’s what you need to know about Fair financial services, Privacy, and the Future of Identity
Advertisements Tomorrow we will need someone we can trust with our most sensitive data while, at the same time, benefiting from the convenience automation brings. Imagine a world in which individuals can financially benefit from innovative fintech without needing to blindly rely on third parties or to sell out their privacy. Access to financial servicesContinue reading “Here’s what you need to know about Fair financial services, Privacy, and the Future of Identity”
How Vietnamese bank will digitize services for import and export firms?
Advertisements International trade requires heavy paperwork, which poses huge challenges for the banks to develop digitalized products and services for import – export companies. Founded in 2014, Ant Group’s origins begin with digital payment service Alipay. As of now, based on a strong technological foundation, Ant Group has expanded into many other financial services andContinue reading “How Vietnamese bank will digitize services for import and export firms?”
Steelmaker proposes building power plant for iron and steel complex
Advertisements Visit Vietnam Insider’s homepage for more stories Hoa Phat Group plans to build a captive thermal power plant for its proposed Hoa Phat Dung Quat 2 Iron and Steel Production Complex in central Quang Ngai Province. The steel giant has asked the province administration to obtain permission from the Ministry of Industry and TradeContinue reading “Steelmaker proposes building power plant for iron and steel complex”
Vietnam attracts $14 billion in FDI
Advertisements Visit Vietnam Insider’s homepage for more stories Foreign direct investment pledges rose 0.8 percent year-on-year in the first five months to $14 billion, according to the Ministry of Planning and Investment. Of this, 613 newly-registered projects accounted for $8.83 billion. The investment is directed at 18 sectors, led by the manufacturing and processing asContinue reading “Vietnam attracts $14 billion in FDI”
Vietnam exports 20 tons of first batch of fresh lychees to Janpan
Advertisements Visit Vietnam Insider’s homepage for more stories Twenty tons of lychees from the first batch of the 2021 season harvested in the northern province of Bac Giang have been shipped to Japan. This is the second year that the fruit has been exported to far east economic giant from Bac Giang, the premier lycheeContinue reading “Vietnam exports 20 tons of first batch of fresh lychees to Janpan”
Proptech firms catch the eye of foreign investors
Advertisements VietNam has about 100 proptech companies, 80 per cent of which are foreign-owned or receive foreign funding. The country’s real estate market remains in the early stages of development, with many problems to solve Visit Vietnam Insider’s homepage for more stories Vietnamese property technology (proptech) firms are attracting the attention of both foreign andContinue reading “Proptech firms catch the eye of foreign investors”
VN-Index rises, trading value falls admit new coronavirus waves
Advertisements The bourse saw 212 gainers and 193 losers. The VN30 basket, comprising the 30 largest capped stocks, saw 18 tickers gain. Foreign investors were net sellers for the 11thstraight session to the tune of VND86.3 billion. Visit Vietnam Insider’s homepage for more stories Vietnam’s benchmark VN-Index experienced its fifth gaining session with a 0.82Continue reading “VN-Index rises, trading value falls admit new coronavirus waves”
What is the influence of Elon Musk on Vietnamese crypto investors?
Advertisements Elon Musk’s tweets send Vietnamese crypto investors into spiral of anxiety. The State Bank of Vietnam has warned that owning, trading and using cryptocurrencies are risky and not protected by law Visit Vietnam Insider’s homepage for more stories. Elon Musk’s recent tweets have partly contributed to sending Bitcoin and other cryptocurrencies tumbling, and VietnameseContinue reading “What is the influence of Elon Musk on Vietnamese crypto investors?”
S&P Global Ratings provides technical assistance on credit ratings to Vietnam’s FiinGroup
Advertisements Vietnam’s FiinGroup announced that, the company has entered into an agreement with S&P Global Ratings. S&P Global Ratings will be the technical training service provider in various aspects of Credit Rating Agency practice and development, including analytics, compliance best-practice and commercial elements. “This will help FiinRatings to develop trust with stakeholders and ultimately accelerateContinue reading “S&P Global Ratings provides technical assistance on credit ratings to Vietnam’s FiinGroup”
Cryptocurrency mining operators are suspending their operations in China. Here’s why
Advertisements Crypto miners halt China business after Beijing cracks down, bitcoin dives. In the future, BTC.TOP will mainly conduct crypto mining business in North America. Visit Vietnam Insider’s homepage for more stories. Cryptocurrency mining operators, including a Huobi Mall and BTC.TOP, are suspending their China operations after Beijing stepped up its efforts to crack downContinue reading “Cryptocurrency mining operators are suspending their operations in China. Here’s why”
Insurance for Vietnamese food delivery workers should be “a Must” or just “Nice-to-have”?
Advertisements The arrival of Covid-19 has changed the way we all live and work. With worldwide lockdowns, customers have grown used to the flexibility and convenience of a lifestyle that is more online than ever before. In Vietnam, a slew of online delivery services is in increasingly high demand, leading to unique challenges in termsContinue reading “Insurance for Vietnamese food delivery workers should be “a Must” or just “Nice-to-have”?”