Advertisements Vietnam has attracted US$28.5 billion in foreign direct investment (FDI) this year, down 25% compared to the previous year, according to the General Statistics Office. About 2,523 new projects have been licensed with registered capital of US$14.6 billion, down 35% in the number of projects and 12.5% in registered capital. As many as 1,140Continue reading “Vietnam has attracted US$28.5 billion in FDI this year”
Category Archives: Finance
Vietnam is the second-largest exporter to US market
Advertisements Vietnam advanced by four notches, from sixth place in 2015 to second place in 2020 in the list of the largest exporting countries to the US market. However, Vietnam’s exports currently account for only 2.7 percent of the total imports of the US. It shows that the room of the US market for VietnameseContinue reading “Vietnam is the second-largest exporter to US market”
Prime Minister agrees merger of HNX and HoSE
Advertisements The move is aimed to ensure greater efficiency and transparency of Vietnam’s stock market. Prime Minister Nguyen Xuan Phuc has agreed to establish the Vietnam Exchange (VNX) on the basis of merging the Hanoi Stock Exchange (HNX) and the Ho Chi Minh Stock Exchange (HoSE), which set to take effect on February 20, 2021.Continue reading “Prime Minister agrees merger of HNX and HoSE”
Vietnam’s GDP growth level is among the world’s highest despite pandemic
Advertisements A 4.48 percent Q4 growth has propelled Vietnam’s annual growth to 2.91 percent for the year, the General Statistics Office said Sunday afternoon. “This is the lowest GDP growth level in the 2011-2020 period. However, given the negative impacts of the Covid-19 pandemic, it is considered a success for Vietnam, with the growth rateContinue reading “Vietnam’s GDP growth level is among the world’s highest despite pandemic”
Vietnam’s stock market market closed in downbeat mood on Christmas Eve 2020
Advertisements Trading in the local stock market ended in negative territory today, December 24, with the benchmark VN-Index on the Hochiminh Stock Exchange shedding over 11 points. With the number of losers more than quadrupling that of winners by 367 to 88, the main index fell 11.38 points, or 1.05% against the previous session atContinue reading “Vietnam’s stock market market closed in downbeat mood on Christmas Eve 2020”
Vietnam’ credit growth reaches 10.14% at the end of 2020
Advertisements The banking system has been providing support for 590,000 customers, mainly in forms of debt restructuring or freezing and waiving debt payment with outstanding loans worth over VND1,000 trillion (US$43.31 billion). Vietnam’s credit growth as of December 21 is estimated at 10.14% against the end of last year and up 11.62% year-on-year. Vice GovernorContinue reading “Vietnam’ credit growth reaches 10.14% at the end of 2020”
MSB officially listed nearly 1,175 billion shares on HOSE
Advertisements Nearly 1,175 billion shares of Vietnam Maritime Commercial Joint Stock Bank (MSB) are listed on the Ho Chi Minh City Stock Exchange (HOSE) on December 23, 2020 with the reference price for the first day of trading at VND15,000/share and amplitude of +/- 20%. The bank’s market capitalization at the time of listing isContinue reading “MSB officially listed nearly 1,175 billion shares on HOSE”
Vietnam economy to grow 3% in 2020 despite COVID-19 crisis: World Bank
Advertisements Vietnam’s GDP is expected to grow 3% in 2020 while the world economy is expected to contract 4% amidst the biggest global shock of the past decades, World Bank report said. The Southeast Asian country has good economic performance to the resilience of both its domestic economy and external sector, World Bank commented. BeyondContinue reading “Vietnam economy to grow 3% in 2020 despite COVID-19 crisis: World Bank”
Vietnam will replace magnetic stripe cards by EMV chip cards starting March 2021
Advertisements Chips of EMV, short for Europay, MasterCard, and Visa, standards will replace the magnetic stripes on cards issued by Vietnamese banks, starting March 2021. The adjustment was proposed in a bill to amend the State Bank of Vietnam’s Circular 19/2016 on bank card operations. According to the central bank, this regulation is meant toContinue reading “Vietnam will replace magnetic stripe cards by EMV chip cards starting March 2021”
State Bank of Vietnam denies creating unfair trade advantage via forex policies
Advertisements Vietnam is not intended to create unfair international trade advantage via its management of foreign exchange rate, which was instead to ensure macroeconomic stability, the country’s central bank said on Thursday. In a report released Wednesday, the U.S. Treasury Department named Vietnam and Switzerland as currency manipulators, and added three new names to aContinue reading “State Bank of Vietnam denies creating unfair trade advantage via forex policies”
Why the U.S. Designates Switzerland, Vietnam as Currency Manipulators?
Advertisements The U.S. Treasury Department designated Switzerland and Vietnam as currency manipulators for the first time, while keeping China on a watch list, in the Trump administration’s final foreign-exchange policy report. Having removed the manipulator label from China in January, the Treasury urged the world’s second-largest economy to “improve transparency” in its currency management, especiallyContinue reading “Why the U.S. Designates Switzerland, Vietnam as Currency Manipulators?”
Banks are offering attractive loans during the year-end period
Advertisements Given abundant liquidity and low demand for credit, banks are offering attractive loans during the year-end period. Many banks in Vietnam are offering loans with low interest rates in an attempt to meet their respective year-end credit goals amid a lack of demand for capital during the Covid-19 crisis. To aid enterprises resuming operationContinue reading “Banks are offering attractive loans during the year-end period”
What Are Hedge Funds and How to Use Them for Smart Investing During COVID-19
Advertisements When the COVID-19 pandemic struck the globe in early 2020, and the stock markets crashed hedge fund managers had to rethink a lot of their investment strategies for the year. Some of them dashed their investments to businesses set to reap big from the resulting lockdowns and social isolation measures. Hedge fund companies areContinue reading “What Are Hedge Funds and How to Use Them for Smart Investing During COVID-19”
Vietnam’s stock market has posted gains after US elections
Advertisements Vietnam’s stock market has posted gains in the year following the last five U.S.’s presidential elections and this is likely to continue this year. The VN-Index, based on the Ho Chi Minh Stock Exchange (HoSE), has consistently climbed in the first year of a U.S. president’s term, irrespective of which party has won theContinue reading “Vietnam’s stock market has posted gains after US elections”
Foreign investment have emerged in the real estate market
Advertisements The first major signs of a resumption of investment activity have emerged in the real estate market with new brand names entering and others expanding their portfolios in Vietnam. The first major signs of a resumption of investment activity have emerged in the real estate market with new brand names entering and others expandingContinue reading “Foreign investment have emerged in the real estate market”