Advertisements Corporate bond issuance value in February fell 44 percent from January as the coronavirus pandemic interfered with companies’ financial plans. The value of bond issuance on the Hanoi Stock Exchange (HNX) fell 44 percent to VND6.8 trillion ($289.7 million) in February, although January had less working days due to the seven-day Lunar New YearContinue reading “Corporate bond issuance value fell 44 percent as Covid-19 impacts”
Category Archives: Finance
Vietnam climbs 23 places in Economic Freedom Index
Advertisements Vietnam has climbed 23 places in this year’s Economic Freedom Index but continues to lag far behind its Southeast Asian counterparts. It ranked 105th out of 180 countries and territories with its overall score increasing by 3.5 points from last year to 58.8, according to the annual report recently released by the Heritage Foundation,Continue reading “Vietnam climbs 23 places in Economic Freedom Index”
Markets are tanking. Should I cash out?
Advertisements It is almost impossible to read about anything other than coronavirus (COVID-19) and we are no different. As a wealth manager I can only pass on my ideas on what to do given the turmoil in the markets. There are many losers in these markets but with every loser there is a winner. WeContinue reading “Markets are tanking. Should I cash out?”
Vietnam will cut or exempt state-regulated securities fees
Advertisements Vietnam on Thursday decided to cut or exempt state-regulated securities fees for more than five months to help the local stock market which is hit by the coronavirus, the Ministry of Finance said on Thursday. The ministry said in a statement it would exempt six types of fees, such as for listing and registration,Continue reading “Vietnam will cut or exempt state-regulated securities fees”
ECB brings 750 bn euro bazooka to virus fightback
Advertisements The European Central Bank on Wednesday unexpectedly said it would spend 750 billion euros on “emergency” bond purchases, as it joined other central banks in stepping up efforts to contain the economic damage from the coronavirus. The so-called Pandemic Emergency Purchase Programme comes just six days after the ECB unveiled a big-bank stimulus packageContinue reading “ECB brings 750 bn euro bazooka to virus fightback”
Collateral solution is needed for stock market to overcome Covid-19 epidemic
Advertisements Besides long-term solutions, the collateral solution is considered as a basic technical measure to solve the burden of security collateral in stock transactions and to support the market over coronavirus (Covid-19) epidemic as well as remain sustainable development goals. This is a proposal shared by Le Hai Tra, who’s in charge of the BoardContinue reading “Collateral solution is needed for stock market to overcome Covid-19 epidemic”
Vietnam’s MSB has completed all three pillars of the Basel II
Advertisements The Vietnam Maritime Commercial Joint Stock Bank (MSB) said it has completed all three pillars of Basel II standards that is supervisory review nearly one year ahead of the schedule set by the State Bank of Vietnam. Together with the realization of the first and third pillars of Basel II – minimum capital requirementContinue reading “Vietnam’s MSB has completed all three pillars of the Basel II”
Jan-Feb petroleum exports plummet
Advertisements Petroleum exports in the first two months this year fell 21.6 percent year-on-year in volume and 21.3 percent in value. Vietnam exported 441,317 metric tons of petrol worth $269.91 million in the first two months this year at an average price of $611.6 per ton, a slight increase of 0.5 percent over the sameContinue reading “Jan-Feb petroleum exports plummet”
MSB donates VND10 billion to fight against the spread of Covid-19
Advertisements Vietnam Maritime Joint Stock Commercial Bank (MSB) has contributed VND10 billion to the fight against the novel coronavirus (COVID-19) pandemic in Vietnam. The bank expected that its contribution would help to fight against the pandemic and bring socio-economic activities back on track early. The donation has been collected by the Vietnam Central Bank andContinue reading “MSB donates VND10 billion to fight against the spread of Covid-19”
Vietnam State Bank cuts rates to prop up coronavirus-hit economy
Advertisements Refinance rate to be 5% from the current 6% The State Bank of Vietnam will cut its policy rates from Tuesday to prop up the economy, which has been hit by the coronavirus pandemic. The virus, which has killed more than 6,500 people worldwide, has left firms in Vietnam’s manufacturing industry suffering shortages dueContinue reading “Vietnam State Bank cuts rates to prop up coronavirus-hit economy”
Vietnamese stocks lose ground on recession worries
Advertisements Vietnamese shares dropped further on Monday as worries about the developing coronavirus pandemic and its economic impacts dominated the news. The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost 1.83 per cent to end at 747.86 points. The VN-Index lost a total of 14.5 per cent last week. The HNX-Index on theContinue reading “Vietnamese stocks lose ground on recession worries”
Fed cuts rates to near Zero as part of emergency action to protect the economy from the impact of coronavirus
Advertisements The Federal Reserve announced on Sunday it would drop interest rates to zero and buy at least $700 billion in government and mortgage-related bonds as part of a wide-ranging emergency action to protect the economy from the impact of the coronavirus outbreak. The moves, the most dramatic by the U.S. central bank since theContinue reading “Fed cuts rates to near Zero as part of emergency action to protect the economy from the impact of coronavirus”
Here’s what could really sink the global economy
Advertisements Companies have spent the years since the global financial crisis binging on debt. Now, as the coronavirus pandemic threatens to push the world into recession, the bill could come due — exacerbating damage to the economy and feeding a meltdown in financial markets. Looking to take advantage of low interest rates, companies have rushedContinue reading “Here’s what could really sink the global economy”
Real estate, travel firms optimistic about tourism recovery after epidemic
Advertisements Vietnam’s tourism industry was growing at lightening speed when it was hit by the Covid-19 epidemic. Phung Quang Thang, deputy chair of the Vietnam Travel Association, said the industry’s growth hit a record high in December 2019 and then tumbled in January 2020, and has fallen into crisis since then. Travellers have cancelled tours,Continue reading “Real estate, travel firms optimistic about tourism recovery after epidemic”
Vietnam’s gold prices fall in the market
Advertisements Opening this morning, the Sài Gòn Jewellery Company (SJC) listed their gold at VNĐ46.30 million (US$1,992) per tael or $1,653 per ounce. Compared to last Thursday, one tael of gold fell by VNĐ1.2 million. Bảo Tín Minh Châu and Doji listed their gold at VNĐ46.30 million and VNĐ46 million, respectively. The selling and buyingContinue reading “Vietnam’s gold prices fall in the market”