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”
Category Archives: Finance
After Trading Halts Set Off in Morning, Asia Stocks Go Wild
Advertisements A terrible week for Asian stocks started to look a bit better as Friday evolved. As Asia woke up to the worst Wall Street sell-off since 1987, benchmark indexes sank across the region, triggering trading halts from Seoul to Bangkok, Manila, Jakarta and Mumbai. But by 1:40 p.m. in Hong Kong, Australian stocks hadContinue reading “After Trading Halts Set Off in Morning, Asia Stocks Go Wild”
Vietnam index tumbled to its lowest point since October 2017
Advertisements The VN-Index tumbled 3.12 percent to 811.35 points Wednesday, its lowest point since October 10, 2017. 296 stocks lost and 77 gained on the Ho Chi Minh Stock Exchange (HoSE), Vietnam’s main bourse on which VN-Index is based, with 42 hitting their floor prices, the lowest they can go in a single session. Order-matchedContinue reading “Vietnam index tumbled to its lowest point since October 2017”
VN-Index recovers slightly after historic losing session
Advertisements The VN-Index added 0.24 percent to 837.5 points Tuesday, after plunging over 6 percent the previous session, its biggest single-day drop since 2001. 204 tickers gained and 164 lost on the Ho Chi Minh Stock Exchange (HoSE), home to large caps, and on which the benchmark VN-Index is based. Liquidity remained high, with order-matchedContinue reading “VN-Index recovers slightly after historic losing session”
Wall Street bounces back after a worst day since 2008
Advertisements Wall Street roared back to life on Tuesday, rebounding from the brink of bear market confirmation as bargain-hunting and hopes of government stimulus calmed investors’ fears surrounding the coronavirus and growing signs of imminent recession. All three major indexes jumped nearly 5% the day after equities markets suffered their biggest one-day losses since theContinue reading “Wall Street bounces back after a worst day since 2008”
Vietnam’s bank announces relief measures for Coronavirus affected customers
Advertisements MSB and other credit institutions in Vietnam have acted in accordance with the guidance from the State Bank of Vietnam to make available a credit relief package to assist more than 44,000 Coronavirus (COVID-19) affected customers. Facing the increasingly complicated situation of the Coronavirus outbreak which has caused significant impacts on the global economyContinue reading “Vietnam’s bank announces relief measures for Coronavirus affected customers”
Vietnam’s stock market suffers worst day since 2001
Advertisements The VN-Index tumbled 6.28 percent to 835.49 points Monday, its biggest loss since 2001, after 14 new Coronavirus infections were confirmed last weekend. On October 10, 2001 the index lost 6.3 percent. However, HoSE had only five stocks, and the VN-Index was just hovering at just over 200 points at the time. On Monday,Continue reading “Vietnam’s stock market suffers worst day since 2001”
Asia stocks to slide, Bonds soar on Coronavirus worries
Advertisements Asian stocks looked primed for heavy losses after U.S. equities tumbled with Treasury yields on renewed worries about the impact of the coronavirus. Gold surged with the yen and the Swiss franc. Equity futures declined more than 2% in Japan and Australian shares opened lower. The S&P 500 Index earlier fell more than 3%,Continue reading “Asia stocks to slide, Bonds soar on Coronavirus worries”
Mambu’s composable banking platform to power Vietnam’s first digital-only bank
Advertisements Vietnam Maritime Bank (MSB), one of Vietnam’s leading commercial banks, has announced it will adopt Mambu’s cloud-native banking platform as its key technology solution to help the business undergo a radical digital transformation. MSB plans to launch Vietnam’s first digital bank by the end of 2020. Mambu’s composable banking platform will underpin MSB’s moveContinue reading “Mambu’s composable banking platform to power Vietnam’s first digital-only bank”
Mid-sized banks spearhead VN-Index gain
Advertisements The VN-Index added 0.25 percent to 884.43 points Monday, with stocks of mid-sized lenders among the biggest gainers. 167 stocks rose and 172 stocks fell on the Ho Chi Minh Stock Exchange (HoSE), Vietnam’s main bourse, on which the VN-Index is based. Monday’s session follows a particularly poor week when the novel coronavirus-induced selloffsContinue reading “Mid-sized banks spearhead VN-Index gain”
Vietnam and India should increase bilateral trade
Advertisements Vietnam and India were expected to benefit from the US-China trade war but could not. They should turn to each other to increase exports. The trade war between the US and China wreaked havoc on global supply chains. The tit-for-tat imposition of tariff duties prompted many international manufacturers in China to move operations toContinue reading “Vietnam and India should increase bilateral trade”
VN-Index drops over 1 pct for third time in a week
Advertisements Vietnam’s benchmark index dropped 1.81 percent to 882.19 points Friday, the third time it has lost over one percent in the past week. The VN-Index, which represents stocks on the Ho Chi Minh Stock Exchange (HoSE), Vietnam’s main bourse, has lost 5.45 percent since opening at 933.09 points Monday. 294 stocks fell and 81Continue reading “VN-Index drops over 1 pct for third time in a week”
The inflow of FDI to Vietnam saw a strong decline in the first two months
Advertisements The inflow of foreign direct investment (FDI) to Vietnam saw a strong decline of 24 per cent year-on-year to nearly US$6.47 billion in the first two months of this year, according to the Foreign Investment Agency. The two month’s FDI capital equalled only 53.4 per cent of the same period last year, excluding theContinue reading “The inflow of FDI to Vietnam saw a strong decline in the first two months”
Vietnam’s growth under pressure from global Coronavirus outbreak
Advertisements Fitch Solutions has revised down its 2020 real GDP growth forecast for Vietnam to 6.3 percent, from 6.8 percent previously, in light of the worsening global COVID-19 outbreak. “We believe that the COVID-19 outbreak will heavily impact growth in the first half of the year, mainly due to disrupted supply chains in the regionContinue reading “Vietnam’s growth under pressure from global Coronavirus outbreak”
Vietnam remains one of the fastest growing economies in Asia
Advertisements Nation’s equities haven’t been this cheap since 2017. Sell-off presents ‘interesting value opportunities’: Ashmore. Vietnamese stocks are some of the world’s most battered this year, but market watchers are backing a turnaround, the Asia Insiders reports. They’re pointing to valuations that haven’t been this cheap since 2017 and an economy that’s been growing 5%Continue reading “Vietnam remains one of the fastest growing economies in Asia”