Advertisements Vietnam’s central bank is expected to pursue a stronger dong, especially as this might weigh on the recovery of the country’s export-oriented manufacturing sector over the coming months. Although foreign direct investment (FDI) in 2020 is likely to be weaker than 2019 due to Covid-19, Fitch Solutions expected the Vietnamese central bank to continueContinue reading “Vietnamese dong expected to average stronger in 2020: Fitch”
Category Archives: Finance
Vietnam’s central bank pursues a stronger dong
Advertisements Vietnam’s central bank is expected to pursue a stronger dong, especially as this might weigh on the recovery of the country’s export-oriented manufacturing sector over the coming months. Although foreign direct investment (FDI) in 2020 is likely to be weaker than 2019 due to Covid-19, Fitch Solutions expected the Vietnamese central bank to continueContinue reading “Vietnam’s central bank pursues a stronger dong”
Vietnam’s stock market is still waiting for a boom session
Advertisements Vn-Index is expected to continue to increase with the support from the support area of 862-868 points in the next session. In general, BVSC still expects short-term gaining trend of the market with the target located at the resistance area of 888 ± 5 points in the short term. Be cautious, but not pessimisticContinue reading “Vietnam’s stock market is still waiting for a boom session”
Ahmed Zulficar injects $1 million after heavy withdrawals
Advertisements Ahmed Zulficar poured more than $1 million into two of its prime money-market portfolios with an investment firm this week due to heavy investor withdrawals, according to a filing with the securities regulator. Industrywide, investors pulled tens of billions of dollars from prime money-market funds, which buy top-rated corporate debt. The Egyptian Ahmed Zulficar’sContinue reading “Ahmed Zulficar injects $1 million after heavy withdrawals”
Foreign borrowing of Vietnam increased in first six months
Advertisements The government is looking at loans and government bonds, among others, to meet growing demand of state expenditure. In the first six months of the year, the Vietnamese government signed five loan agreements to borrow a combined US$533.2 million from foreign creditors, up 1.6-fold compared to the same period last year, according to theContinue reading “Foreign borrowing of Vietnam increased in first six months”
Vietnam may resume pre-crisis growth levels by next year
Advertisements Although Covid-19 threw a spanner in the works for Vietnam’s thriving economic growth story, McKinsey & Company suggests that the country could resume pre-crisis growth levels by next year. Two factors have combined to cushion the blow of Covid-19 on Vietnam’s economy, at least in comparison to other economies across Asia and the world.Continue reading “Vietnam may resume pre-crisis growth levels by next year”
Sàn giao dịch – nơi có thể mua bán mọi thứ trên thị trường tài chính
Advertisements Sàn giao dịch là từ mà bạn thường thấy khi bắt đầu tìm hiểu mua bán các sản phẩm tài chính như chứng khoán, ngoại hối, hàng hóa, tiền điện tử,… Đó thật sự là nơi mà bạn có thể giao dịch mọi thứ. Sàn giao dịch là gì? Trước hết, sàn giao dịchContinue reading “Sàn giao dịch – nơi có thể mua bán mọi thứ trên thị trường tài chính”
Domestic gold prices reach a new peak
Advertisements Domestic gold prices soared to a record nine-year high on the morning of July 9 after climbing to VND50.4 million per tael for the first time. This comes after the Saigon Gold, Silver and Gemstone joint stock company quoted its SJC gold price this morning at VND50 million per tael for selling and VND50.4Continue reading “Domestic gold prices reach a new peak”
Coffee trade in Vietnam limited
Advertisements Tightening supply and low global prices limited coffee trade in Vietnam, while healthy demand supported markets in Indonesia, traders said on Thursday. Farmers in the Central Highlands, Vietnam’s largest coffee growing area, sold coffee COFVN-DAK at 32,000 dong ($1.38) per kg, unchanged from last week. “Falling global prices and low stocks have kept theContinue reading “Coffee trade in Vietnam limited”
Large businesses may put pressure on local banks
Advertisements If large businesses cannot pay their debts, they may put pressure on banks to lower requirements for loans. Quoc Cuong Gia Lai JSC, for example, has asked BIDV to reduce the lending interest rates from 18-20 percent per annum to 9-10 percent. BIDV Phu Tai has announced the 11th auction of mortgaged assets, includingContinue reading “Large businesses may put pressure on local banks”
Real estate market struggles during Covid-19 pandemic
Advertisements Real estate firms have had to struggle to survive during the COVID-19 pandemic, which has caused the loss of trillions of dong and job losses to 75-80 percent of workers in the field. The deputy general director of a real estate group specializing in developing urban areas in provinces adjacent to HCM City saidContinue reading “Real estate market struggles during Covid-19 pandemic”
Vietnam gold prices rise to new highs
Advertisements Gold prices have risen to new highs in Vietnam as they track recent rises in global prices triggered by the coronavirus pandemic. SJC gold on Tuesday rose to VND50.3 million ($2,170) per tael to surge past the previous record of VND49.5 million ($2,137) in 2011, when global prices soared to historic highs. Gold pricesContinue reading “Vietnam gold prices rise to new highs”
7-Eleven Vietnam and Viet Capital Bank join hands to roll out JCB card
Advertisements Seven System Viet Nam Jsc (7-Eleven Viet Nam), a worldwide convenient supermarket, and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co.,Ltd and Viet Capital Commercial Joint Stock Bank (Viet Capital Bank), a major commercial bank in Vietnam today announced the launch of Viet Capital Bank JCB 7-Eleven Credit Card. AContinue reading “7-Eleven Vietnam and Viet Capital Bank join hands to roll out JCB card”
VN-Index starts new week with positive signs
Advertisements The VN-Index surged 1.6 percent, or 13.55 points, to 861.16 points Monday, with blue chips driving the market’s gains. 251 stocks gained and 116 lost on the Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based. Total trading volume rose around 20 percent over the previous session, reaching VND4.19 trillion ($181.46Continue reading “VN-Index starts new week with positive signs”
Vietnam approves biggest commercial project this year to pace economic growth
Advertisements Vietnam has approved its biggest commercial project this year, as the government seeks to maintain a record pace of public and private investment since January to help the economy emerge from the coronavirus pandemic. Prime Minister Nguyen Xuan Phuc signed off on a $9.3bn tourist resort led by Vingroup, Vietnam’s largest private conglomerate, inContinue reading “Vietnam approves biggest commercial project this year to pace economic growth”