Advertisements Strong domestic purchasing is expected to keep Vietnamese shares upbeat this week, securities firms have forecast. However, international news may hinder market momentum and not all stocks will enjoy gains as attention will be divided on earnings prospects, they said. Việt Nam’s benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) ended lastContinue reading “Vietnam’s stocks expected to keep progressing amid international pressure”
Category Archives: Finance
Local banks continue cutting deposit rates
Advertisements After the State Bank of Vietnam (SBV) lowered the ceiling levels of interest rates, local commercial banks have also slashed deposit rates, with those at Orient Commercial Bank (OCB), Saigon Commercial Bank (SCB) and Nam A Bank down by 0.1-0.3 percentage points. SCB has cut the rates for deposits of one to five monthsContinue reading “Local banks continue cutting deposit rates”
Inside Out: Debtor Management in Covid-19 conditions in Vietnam by Oliver Schwarzhaupt, CRO of MSB
Advertisements In this video, Oliver Schwarzhaupt, Chief Risk Officer, Vietnam Maritime Bank (MSB) talking about debtor management in Covid-19 conditions in Vietnam Oliver has more than 25 years of experience in international banking and risk management. He has a proven track record in both implementing best-practice risk management and meeting international regulatory requirements in developedContinue reading “Inside Out: Debtor Management in Covid-19 conditions in Vietnam by Oliver Schwarzhaupt, CRO of MSB”
Vietnam State Bank has cut policy rates for a fourth time this year
Advertisements The State Bank of Vietnam has cut its policy rates for a fourth time this year as it seeks to pump-prime the economy amid the Covid-19 pandemic. It cut the refinancing rate from 4.5 percent to 4 percent and the discount rate from 3 percent to 2.5 percent. It also lowered caps on theContinue reading “Vietnam State Bank has cut policy rates for a fourth time this year”
Executive interview: How Techcombank becomes a forerunner in digital transformation of Vietnam’s financial industry
Advertisements Vietnamese commercial lender Techcombank has been positioning itself at the forefront of innovation in the country’s financial sector. Innovation in banking is not about competition with the rise of fintech. It is more about giving customers the best experience they can get. Understanding that ultimate goal, Techcombank has been tirelessly transforming itself to deliverContinue reading “Executive interview: How Techcombank becomes a forerunner in digital transformation of Vietnam’s financial industry”
FT Markets marches successfully into Vietnam!
Advertisements Founded in London in 2005, FT Markets is one of the world’s leading foreign exchange brands. FT Markets specializes in the trading of more than 60 kinds of financial products, including foreign exchange, gold and silver, stock index, etc. It has branches and offices in London, Hong Kong, New York, and other cities aroundContinue reading “FT Markets marches successfully into Vietnam!”
VN-Index up as money pours into blue chips
Advertisements The VN-Index rose 0.47 percent to 912.50 points Monday, with the stock market’s 30 largest caps absorbing over half of trading volume. The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, was predominantly green with 247 tickers gaining and 159 losing. Total trading volume surged over 10 percent compared toContinue reading “VN-Index up as money pours into blue chips”
Investors buy real estate as bank deposit interest rates fall
Advertisements Individual investors are increasingly buying real estate bonds and land rather than depositing money in banks, which have reduced interest rates on deposits. Techcombank has again eased dong deposit interest rates by 0.1-0.4 percent. The current interest rates are 2.55-2.9 percent per annum for one-month deposits, 2.75-3.1 percent for 3-month, 4.2-4.7 percent for six-monthContinue reading “Investors buy real estate as bank deposit interest rates fall”
CIMB Bank Vietnam introduces a paperless, eKYC based account opening
Advertisements Digital KYC has the power to open up banking to new markets, supporting financial empowerment while combating crime. With the launch of eKYC solution, CIMB Bank has become one of the first banks in Vietnam to offer paperless account opening services through OCTO by CIMB application. What does your bank manager look like? InContinue reading “CIMB Bank Vietnam introduces a paperless, eKYC based account opening”
More than half of HoSE stocks enjoy positive growth despite coronavirus impact
Advertisements A total of 214 stocks listed on HoSE, or 55 percent of the total, have still shown good performance despite the local market’s downturn. More than half of stocks listed on the Hồ Chí Minh Stock Exchange (HoSE) have enjoyed positive growth since the beginning of the year despite the impact of the COVID-19Continue reading “More than half of HoSE stocks enjoy positive growth despite coronavirus impact”
The VN-Index slumped with most large and mid-capped stocks
Advertisements The VN-Index slumped 0.43 percent to 908.58 points Thursday, with most large and mid-capped stocks performing negatively. The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, was a sea of red, with 271 tickers losing and 133 gaining. Total trading volume was VND6.41 trillion ($275.05 million), having changed little overContinue reading “The VN-Index slumped with most large and mid-capped stocks”
Cryptocurrency is not a legal payment method in Vietnam: C.bank
Advertisements Holding, sale and use of cryptocurrencies as an asset pose numerous risks and are not protected by law, stated a central bank official. The State Bank of Vietnam (SBV), the country’s central bank, does not consider cryptocurrencies legal tender and lawful means of payment in Vietnam, according to Nghiem Thanh Son, deputy director generalContinue reading “Cryptocurrency is not a legal payment method in Vietnam: C.bank”
Top 5 Finance Startups in Vietnam to Watch Out For in the Coming Decades
Advertisements In recent years, the fintech ecosystem in Vietman has grown at a phenomenal rate. A surge in foreign investments and government’s strong support are the key drivers of this growth. The country’s digital economy is on the rise, making it one of the fastest-growing economies in ASEAN regions. According to a joint report by PricewaterhouseCoopersContinue reading “Top 5 Finance Startups in Vietnam to Watch Out For in the Coming Decades”
Vietnamese banks’ total lending rose 4.81% as of September 16
Advertisements Vietnamese banks’ total lending rose 4.81% as of Sept. 16 from the end of last year, the State Bank of Vietnam said on Tuesday. Vietnam’s economic growth traditionally relies heavily on increased credit, though authorities have been trying to reduce this reliance. The central bank has previously said it was targeting 11%-14% credit growthContinue reading “Vietnamese banks’ total lending rose 4.81% as of September 16”
SHB files to list on the Ho Chi Minh Stock Exchange
Advertisements Sài Gòn-Hà Nội Commercial Joint Stock Bank (SHB) has filed to list more than 1.75 billion shares on the Hồ Chí Minh Stock Exchange. If approved, the bank will succeed in moving its shares to the southern bourse from the Hà Nội Stock Exchange. SHB shares (HNX: SHB) jumped 3.4 per cent to end Monday atContinue reading “SHB files to list on the Ho Chi Minh Stock Exchange”