Advertisements Among 58 apartment projects in Hanoi, 60 percent were in the mid-end segment, low-cost apartments accounted for only 13 percent Visit Vietnam Insider’s homepage for more stories No longer seen as a profitable investment segment, apartments are not selling well as investors have shifted to buy land instead. Recently, a group of men andContinue reading “Apartments sales slump, but developers still setting high prices”
Category Archives: Finance
Why the U.S stopped labeling Vietnam as currency manipulator?
Advertisements US removes Vietnam from currency manipulator list, reported the VNExpress. Vietnam had last December rejected the U.S.’s currency manipulator allegations, reiterating that its monetary policies do not target unfair trade advantages. Visit Vietnam Insider’s homepage for more stories. The U.S. has removed Vietnam from the list of economies it considers currency manipulators, reversing aContinue reading “Why the U.S stopped labeling Vietnam as currency manipulator?”
Trading volumes on Vietnam’s capital markets have reached record levels. Here’s why
Advertisements In 2020, the Vietnam Securities Depository counted 2.7 million domestic individual accounts, a record jump of 16.8% versus 2019. The trend has continued this year, with 86,000 trading accounts opened in January alone, higher than any month in 2020. Low rates and a pandemic usher new traders into Vietnamese stocks. Stocks emerge as newContinue reading “Trading volumes on Vietnam’s capital markets have reached record levels. Here’s why”
Why Visa Is Now Allowing Bitcoin
Advertisements Last month Visa announced that it would allow its customers to make payments using Bitcoin USD. Throughout the industry, this has been seen as a massive sign of acceptance and a step in the direction of cryptocurrency being much more maintained. Currently, their scheme is a pilot in conjunction with crypto.com but it isContinue reading “Why Visa Is Now Allowing Bitcoin”
Why online lending plays an important role for Vietnamese borrowers?
Advertisements Online loans are of high importance for 61% of Vietnamese borrowers, according to a Robocash’s survey. The main reasons for choosing online loans is an easy application process (41%) and fast transfer of funds (21%). Visit Vietnam Insider’s homepage for more stories. A survey conducted by Robocash Group among the Vietnamese borrowers has shownContinue reading “Why online lending plays an important role for Vietnamese borrowers?”
Here’s a great opportunity for foreign investors to acquire Vietnamese consumer finance business
An opportunity to acquire a large scale, diversified and nation-wide consumer finance company in Vietnam, where consumer lending is booming on high domestic consumption.
Lender ACB profits surge
Advertisements ACB has a full-year profit target of VND10.6 trillion ($460.8 million), 10 percent higher than last year ACB would focus on retail customers and small and medium-sized enterprises Visit Vietnam Insider’s homepage for more stories Lender ACB reported a 61.3-percent surge in profits in the first quarter to VND3.1 trillion ($134 million). Its creditContinue reading “Lender ACB profits surge”
Vietnam studies legal framework for cryptocurrencies. Here’s why
Advertisements Currently, the country has no regulations about the issuance, trading and exchange of virtual assets and cryptocurrencies nor regulations on an official agency to manage virtual assets Vietnam will enhance communication to raise awareness of virtual assets and cryptocurrencies and provide warnings about risks that might arise without regulation. Visit Vietnam Insider’s homepage forContinue reading “Vietnam studies legal framework for cryptocurrencies. Here’s why”
VN-Index reaches new historic peak
Advertisements Trading value on the Ho Chi Minh Stock Exchange (HoSE) surged 16 percent to VND16.94 trillion ($735 million) Vingroup contributed most to the VN-Index gain with 4.6 points Visit Vietnam Insider’s homepage for more stories Vietnam’s benchmark VN-Index surged 2.07 percent to a new historic peak of 1,216.10 points Thursday, driven by Vingroup andContinue reading “VN-Index reaches new historic peak”
Vietnam’s stock market remains bullish as domestic gold price hits three-month low
Advertisements Yesterday, Vietnamese stocks extended their rally as the appeal of materials and real estate stock persisted. The domestic gold price of Vietnam on Wednesday fell to its lowest level since December 2020, Vietnam News Agency reported. Visit Vietnam Insider’s homepage for more stories. On the Hồ Chí Minh Stock Exchange (HoSE), the market benchmarkContinue reading “Vietnam’s stock market remains bullish as domestic gold price hits three-month low”
Cloud banking set to enhance financial inclusion in Vietnam
Advertisements Vietnam has experienced rapid economic growth over the past three decades, with approximately 45 million people lifted out of poverty between 2002 and 2018. The country’s GDP also increased by 2.7 times during that time period, and projections from economic forecasters estimate that the country’s digital economy will top US$43 billion by 2025. YetContinue reading “Cloud banking set to enhance financial inclusion in Vietnam”
Q1 GDP grows 4.48 pct despite Covid-19 outbreak
Advertisements Export value in the first three months increased to $77.34 billion, and that of imports to $75.31 billion Visit Vietnam Insider’s homepage for more stories Vietnam’s GDP grew 4.48 percent in the first quarter, higher than 3.68 percent in the same period last year, despite a new Covid-19 outbreak linked to new strains. TheContinue reading “Q1 GDP grows 4.48 pct despite Covid-19 outbreak”
Saigon proposes to build an international financial centre
Advertisements The city was already Vietnam’s financial centre and had a prime location with population and size account for 9.35% of the country’s population and 0.63% of Vietnam’s landmass. It just takes about 3 hours to fly from Vietnam’s largest city to Singapore, Malaysia, Thailand, India, China, Philippines, Japan, and South Korea. Visit Vietnam Insider’sContinue reading “Saigon proposes to build an international financial centre”
Here’s what we know so far about TPBank JCB Credit Card
Advertisements Vietnam’s Tien Phong Commercial Joint Stock Bank (TPBank) and JCB International Co., Ltd. – the international operations subsidiary of JCB Co., Ltd., announced the launch of TPBank JCB Credit Card today. The new TPBank JCB Credit Card offers one card grade: Gold card. The holders of TPBank JCB Credit Card can access JCB’s globalContinue reading “Here’s what we know so far about TPBank JCB Credit Card”
Vietnam economy shown positive results in 2020
Advertisements Vietnam’s nominal GDP reached USD271.2bn in 2020 and the income per capita was USD2,779, higher than the predicted USD268.4bn and USD2,750 respectively. The numbers were announced in the government’s socio-economic development plan in 2020 submitted to the National Assembly on March 22. Visit Vietnam Insider for more stories During a meeting session of theContinue reading “Vietnam economy shown positive results in 2020”