Advertisements According to a recent customer survey by the fintech holding Robocash Group, microfinance institutions (MFI), as well as non-bank financial companies (NBFC) are the first credit providers for almost every fourth individual in Vietnam (25%). Although banks in Asia preserve their position as the primary source of credit, alternative lending has taken a significantContinue reading “Every fourth individual in Vietnam took the first loan at a non-bank lending company”
Category Archives: Finance
Blue chips lead stock market surge, cash flow returned strongly
Advertisements The VN-Index surged 12.63 points, or 1.36 percent, to 938.54 points Thursday, with several blue chips nearing their price ceilings. Cash flow returned strongly to the stock market with order-matched transactions on the Ho Chi Minh Stock Exchange (HoSE) rising sharply to VND3.75 trillion ($161.16 million) from VND2.97 trillion ($127.64 million) from the previousContinue reading “Blue chips lead stock market surge, cash flow returned strongly”
Vietnam stock slumped after Lunar New Year
Advertisements For Vietnamese stock investors, the return from the Lunar New Year break has been almost as bad as for their Chinese counterparts. Mounting concerns that trade disruptions caused by the coronavirus outbreak will have a deep impact on the Southeast Asian nation have pushed the benchmark VN Index down more than 6% since Jan.Continue reading “Vietnam stock slumped after Lunar New Year”
Vietnam’s GDP growth in Q1 predicted to slow
Advertisements The growth rate is significantly lower than the 6.8% growth rate recorded in the first quarter of 2019. There is a high possibility that Vietnam’ s GDP growth to slow to 6 – 6.3% year-on-year in the first quarter, significantly lower than the 6.8% growth rate from the same period of last year, accordingContinue reading “Vietnam’s GDP growth in Q1 predicted to slow”
Virus fears wipe $393 billion off China’s stock market despite government support moves
Advertisements Investors erased $393 billion from China’s benchmark stock index on Monday, sold the yuan and dumped commodities as fears about the spreading coronavirus and its economic impact drove selling on the first day of trade in China since the Lunar New Year. A nearly eight-percent plunge on the Shanghai Composite index was its biggestContinue reading “Virus fears wipe $393 billion off China’s stock market despite government support moves”
Hanoians queue outside gold shops on God of Wealth Day
Advertisements People in Hanoi have started to queue to buy gold on the God of Wealth Day since early morning on February 3 or 10th day of the Lunar New Year. Despite light rains and appalling pollution, many people waited outside gold shops on Tran Nhan Tong Street from the crack of dawn in orderContinue reading “Hanoians queue outside gold shops on God of Wealth Day”
How the future of Vietnam’s digital economy will be envisioned?
Advertisements In an uncertain global economy facing geopolitical tensions, shifting supply chains bring about unease as the gains and losses are not tallied before policies take effect. Pursuing a balanced and stable growth of more than 6.5% gross domestic product (GDP) – 7.1% in 2018 and 7.02% in 2019 – is very much on theContinue reading “How the future of Vietnam’s digital economy will be envisioned?”
Undervalued Shares: in-depth strategy and reviews for investors
Advertisements Did you know that as a business person, or an avid investor, you can find an undervalued share or stock at a different price from its fair value? This can be an excellent opportunity for you to make huge profits. The secret lies in the way you can spot undervalued shares and know howContinue reading “Undervalued Shares: in-depth strategy and reviews for investors”
Vietnam’s HDBank earnings full-year 2019 beat estimates
Advertisements The Ho Chi Minh City Development Joint Stock Commercial Bank (HOSE: HDB) has reported impressive results for the fourth quarter of 2019, with after-tax profit increasing by 40.1 percent year-on-year to US$67.7 million. It took the full-year profit figure to $216.3 million, an increase of 25.3 percent. Pre-tax profit was V$173.3 million, an increaseContinue reading “Vietnam’s HDBank earnings full-year 2019 beat estimates”
VN-Index plummets further amidst coronavirus crisis
Advertisements The benchmark VN-Index plunged 22.96 points, or 2.39 percent, to 936.62 Friday to reach its lowest level since February 11 last year. 281 stocks lost and 73 gained on the Ho Chi Minh City Exchange (HoSE), on which the benchmark VN-Index is based. This is the second fall after the market resumed trading ThursdayContinue reading “VN-Index plummets further amidst coronavirus crisis”
What are the best ways to invest in Vietnam?
Advertisements We explain how Vietnam has become one of the fastest-growing countries in the world and how investors can grab a slice of the action. Vietnam’s emerging economy: what you need to know Asia is home to some of the world’s fastest growing economies and, while China grabs most of the headlines, Vietnam is nearContinue reading “What are the best ways to invest in Vietnam?”
Major SE Asia Stocks Markets declined, Vietnam down over 3%
Advertisements Vietnam sees worst day in over a year Vietnam Airlines hits record low Southeast Asian stocks fell across the board on Thursday as the death toll from the coronavirus in China rose sharply, with Vietnamese shares losing more than 3%. Vietnam markets opening after the Lunar New Year holidays saw their worst session inContinue reading “Major SE Asia Stocks Markets declined, Vietnam down over 3%”
Two-thirds of the Vietnamese used e-payments and online credit in 2019
Advertisements Online payments and digital lending are in priority for the Asians when it comes to frequently used financial services. According to the survey of fintech customers by Robocash Group, almost two-thirds of respondents in Vietnam applied for online credit and made e-payments in 2019. Conducted in the second half of January 2020, the surveyContinue reading “Two-thirds of the Vietnamese used e-payments and online credit in 2019”
Profit of Vietnam banking sector predicted to grow 22.5% in 2020
Advertisements Vietnamese banks may increase their pre-tax profits by 22.5 percent on-year in 2020, SSI Securities Corporation’s research unit has forecast. Vietcombank, Bank for Investment and Development of Vietnam (BIDV), VPBank and Techcombank may record the highest profit growth rates, according to SSI Research. Profit growth of the banking sector in 2019 was estimated atContinue reading “Profit of Vietnam banking sector predicted to grow 22.5% in 2020”
Banks staff being asked to work from home after China visit
Advertisements Credit Suisse is among firms urging two weeks away from office Banks including UBS have imposed travel curbs to mainland (Bloomberg) – Global banks from Credit Suisse Group SA to Morgan Stanley are telling Hong Kong staff to work from home for two weeks if they’ve just visited mainland China, as they step upContinue reading “Banks staff being asked to work from home after China visit”