Advertisements Since last weekend, along with strict control on the Covid-19 pandemic, the Government launched several measures on welfare benefits and business support, helping the stock market to rebound strongly, jumping 22.5 points on April 3 and rocketing by nearly 35 points on April 6. Last weekend, the stock market was covered by negative information,Continue reading “Stock market to rebound strongly”
Category Archives: Finance
IDC names 5 fastest growing fintechs in Vietnam
Advertisements IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing FinTechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets. IDC’s FinTech Fast 101 research refers to fast-growing fintech players based on extensive on-ground analysis of fintech players from China, India, Indonesia, Singapore, HongContinue reading “IDC names 5 fastest growing fintechs in Vietnam”
CEO of the bank must be replaceable
Advertisements The hospitalisation of the UK’s prime minister with Covid-19 shows the importance of building a strong team in any organisation The shock news that the UK’s prime minister, Boris Johnson, is in intensive care with Covid-19 illustrates how all large organisations – and banks are no exception – need a strong back up planContinue reading “CEO of the bank must be replaceable”
VN-Index experiences fifth consecutive gaining session
Advertisements The VN-Index added 1.35 percent to 746.69 points Tuesday in one of the busiest trading sessions over the last 30 days. 200 stocks gained and 153 lost on the Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based. Of these, 30 hit their ceiling prices, the highest they can go inContinue reading “VN-Index experiences fifth consecutive gaining session”
Vietnam’s banks offer higher rates for online savings
Advertisements To encourage customers to deposit money online amid the COVID-19 pandemic, many banks have raised interest rates for online savings by up to 1.4 per cent higher than over-the-counter deposits. Short-term interest rates (below six months) are prevalent at 4.3-4.75 per cent per year at most banks and do not differ much from over-the-counterContinue reading “Vietnam’s banks offer higher rates for online savings”
Foreign banks may return to Vietnam soon
Advertisements Vietcombank’s completion of the sale of shares to foreign investors in early 2019 and BIDV’s action in late 2019 are expected to help attract foreign banks to Vietnam. OCB has spoken with shareholders about the private offering to a foreign investor – Aozora Bank from Japan – which would increase the bank’s charter capital.Continue reading “Foreign banks may return to Vietnam soon”
VN-Index surges for third consecutive session
Advertisements The VN-Index surged 3.17 percent to 701.8 points Friday, with almost all blue chips up in the market’s third straight gaining session. On the Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, 297 stocks rose while 90 fell, 58 of them hitting their ceiling prices, the highest they could goContinue reading “VN-Index surges for third consecutive session”
COVID-19 offers new growth opportunity for mobile money in Vietnam
Advertisements As the number of COVID-19 cases increases, many are opting for cashless payments to avoid direct contact and potential hygiene issues arising with banknotes which may help the spread of the COVID-19. This boosts the appeal of digital payments, particularly mobile money – a service in which the mobile phone is used to accessContinue reading “COVID-19 offers new growth opportunity for mobile money in Vietnam”
Vietnam’s banks not allowed to pay cash dividends
Advertisements Furthermore, lenders are not allowed to pay cash dividends to their shareholders to focus resources to slash lending rates on current and new loans. Particularly, the State Bank of Vietnam (SBV) has issued Directive No.02/CT-NHHH on March 31, 2020 on relief measures of the banking sector to blunt and mitigate the economic fallout fromContinue reading “Vietnam’s banks not allowed to pay cash dividends”
Blue chips lead VN-Index’s 2.67 pct. gain
Advertisements The VN-Index surged 17.7 points, or 2.67 percent, to 680.23 Wednesday, with nearly all of Vietnam’s 30 biggest market caps in the green. 287 stocks gained on the Ho Chi Minh Stock Exchange (HoSE), Vietnam’s main bourse, while 86 lost. Trading volume rose slightly over the previous session, to VND3.83 trillion ($161.93million), with order-matchedContinue reading “Blue chips lead VN-Index’s 2.67 pct. gain”
Vietnam stock market not disrupted during nationwide distancing
Advertisements Trading on the Vietnamese securities market was essential and would not be disrupted under any circumstances during the fight against COVID-19, the State Securities Commission (SSC) said on Tuesday. Trading activities would be thorough and secure, the agency said in a statement, adding that securities trading was one of the essential services regulated by the PrimeContinue reading “Vietnam stock market not disrupted during nationwide distancing”
Bank postpones annual shareholders meeting over coronavirus fear
Advertisements The Vietnam’s Military Commercial Joint Stock Bank (MB Bank) has decided to postpone its annual shareholders’ meeting. The meeting was scheduled for April, but the bank has decided to put it off until the end of June. The decision was made as the Government and authorities in Hà Nội attempted to prevent the spreadContinue reading “Bank postpones annual shareholders meeting over coronavirus fear”
COVID-19 drives the demand for online financial services
Advertisements With a growing spread of coronavirus and social distancing globally, people are increasingly searching for digital services able to meet their current needs in food and essentials, healthcare and finance. Asia is not an exception. As the findings of Robocash Group have shown, the pandemic has made 41% of its customers in the regionContinue reading “COVID-19 drives the demand for online financial services”
Will we get back to the office?
Advertisements The coronavirus epidemic will accelerate changes in the way we work, shop and bank, writes Brian Caplen. The trends for working from home (WFH) and for shopping and banking online were well advanced even before the outbreak of coronavirus. When it is all over, they will be set in stone such that employers whoContinue reading “Will we get back to the office?”
VN-Index drops fourth consecutive session
Advertisements Vietnam’s benchmark index fell 1.1 percent to 659.21 points Tuesday, its fourth straight losing session, with Vingroup related tickers leading market losses. The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, saw a far more balanced session compared to Monday when it has plunged 6.08 percent, the bourse’s second highestContinue reading “VN-Index drops fourth consecutive session”