Advertisements Vietnam received $15.7 billion in 2020 remittances in 2020, placing it among the world’s top 10 recipient countries. Even with the pandemic forcing many businesses in foreign countries to halt operations, affecting Vietnamese workers and their income, remittances to Vietnam fell 5 percent over 2019. Bank officials have remarked on a shift in motivationContinue reading “Remittances to Vietnam in 2020 fell 5% over 2019”
Category Archives: Finance
Bao Minh Insurance plans to divest from MBB
Advertisements Bao Minh Securities Corporation (BMI) has registered to sell all of its shares in Military Commercial Joint Stock Bank (MBB), according to an announcement from the HCM City Stock Exchange (HoSE). BMI is holding 1.242 million shares of MMB. The trading method will be matching orders or negotiation. The deal is expected to beginContinue reading “Bao Minh Insurance plans to divest from MBB”
Vn-Index predicted to strongly rebound after historic slump
Advertisements The return of foreign investors, large amount of money from new investors, and low interest-rate environment are factors that continue to keep up the Vn-Index, said an expert from SSI Securities Corporation. A positive macro-economic environment and strong flow of capital into the stock market could help turn the benchmark Vn-Index around and backContinue reading “Vn-Index predicted to strongly rebound after historic slump”
Insurance industry forecast to gain double-digit growth in 2021
Advertisements The insurance industry is forecast to continue gaining double-digit growth this year thanks to new bancassurance contracts signed late last year and the recovery of the economy. Under a recent report on the insurance industry, Saigon Securities Incorporation (SSI)’s experts said growth of the premium revenue for life and non-life insurance segments in 2021Continue reading “Insurance industry forecast to gain double-digit growth in 2021”
GoStream receives US$1 million funding from VinaCapital Ventures
Advertisements Vietnam-based live video-streaming platform GoStream announced that VinaCapital Ventures has invested US$1 million in the company to help it expand its business. Launched in 2017, GoStream is a multi-platform livestream broadcaster for social sellers, marketers, and content creators. It enables users to reach a larger audience from different platforms to increase visibility and getContinue reading “GoStream receives US$1 million funding from VinaCapital Ventures”
Impacts on Vietnam’s economy in 2021
Advertisements The uncertainties of the global economy, the new Covid-19 mutation, and risks from lawsuits and trade remedies will have an impact on Vietnam’s economy in 2021, experts say. A report on Vietnam’s economy in 2020 and prospects in 2021 was released by the Central Institute of Economic Management (CIEM) on January 15, showing aContinue reading “Impacts on Vietnam’s economy in 2021”
Vietnam working solutions to address overload issue of the stock market
Advertisements A short-term solution would be to optimize the transaction process by increasing the minimum trading lot from 10 to 100 shares, starting from January 4, 2021. The State Securities Commission of Vietnam (SSC), the country’s stock market watchdog, is working on both short- and long-term solutions to address the overload issue when a surgeContinue reading “Vietnam working solutions to address overload issue of the stock market”
UOB has completed acquisition Vietnam Fund Management Joint Stock Company
Advertisements UOB Asset Management (UOBAM) announced on Monday (Jan 18) that it has completed the acquisition of VAM Vietnam Fund Management Joint Stock Company first reported over a year ago, in a move that will rev up its presence in Asean. The entity will be renamed UOB Asset Management (Vietnam) Fund Management Joint Stock Company,Continue reading “UOB has completed acquisition Vietnam Fund Management Joint Stock Company”
Here are the best investment opportunities for you in Vietnam this year
Advertisements There are investment opportunities all around you. But what is an investment opportunity? Simply put, it’s any vehicle you can use to make money with your money. You’re probably familiar with the simplest investment opportunity: a savings account. You get interest for having money in the account. But it’s likely not very much –Continue reading “Here are the best investment opportunities for you in Vietnam this year”
Vietnam stock market: VN-Index continues hot streak
Advertisements On Thursday, January 07, 2020 the VN-Index closed up 1.2% and reached a 32-month high as the recent influx of cash on HOSE continued with trading turnover hitting USD737.4mn. Large cap stocks performed particularly well as the VN30 Index advanced 1.5% with 23 of its 30 components increasing. Banks VCB (+1.9%) and TCB (+4.2%)Continue reading “Vietnam stock market: VN-Index continues hot streak”
VN-Index increases for fourth straight session; liquidity continues to soar
Advertisements The VN-Index advanced nine tenths of a percent on Wednesday, marking its fourth consecutive positive session, as the influx of cash on HOSE continued with trading turnover surging to USD779.6mn. Several bank tickers posted significant increases. VCB (+5.7%), CTG (+6.9%) and BID (+1.9%) were the top three contributors to the day’s gain. Moreover, HDBContinue reading “VN-Index increases for fourth straight session; liquidity continues to soar”
Mekong Capital closes its fifth investment vehicle at $246 million
Advertisements Vietnam-based private equity firm Mekong Capital has closed its fifth investment vehicle, Mekong Enterprise Fund IV (MEF IV) at $246 million, more than double that of its predecessor fund. DealStreetAsia had reported earlier that the fund manager was planning to close its fifth fund at a hard cap of $250 million. The vehicle, inContinue reading “Mekong Capital closes its fifth investment vehicle at $246 million”
Vietnam index will continue gaining in 2021 without the turbulence seen last year
Advertisements The VN-Index will continue gaining in 2021 without the turbulence seen last year, several securities firms predict. With Covid-19 unlikely to go away this year, central banks will have to maintain loose monetary policies to prop up economies. This, along with shifting global supply chains, will bring even more advantages to the domestic stockContinue reading “Vietnam index will continue gaining in 2021 without the turbulence seen last year”
Bitcoin is over 28 thousand, still risky
Advertisements Bitcoin returned to the market at year end and soared to the new height, $28.300. This proves that this cryptocurrency is still attractive to a lot of investors even though they have tasted the bitter fruit during the disastrous price drop earlier this year. Some domestic investors shared their contrastive opinions on this trend.Continue reading “Bitcoin is over 28 thousand, still risky”
Military Commercial Bank awarded the Emulation Flag by Vietnamese Prime Minister
Advertisements With their considerable achievements in banking industry as well as national defense and security, Military Commercial Joint Stock Bank (MB) was awarded the Emulation Flag by Prime Minister Nguyen Xuan Phuc. This award not only shows the Government’s recognition for MB’s contribution in the banking industry in particular and the development of the countryContinue reading “Military Commercial Bank awarded the Emulation Flag by Vietnamese Prime Minister”