Advertisements Bank also signs agreement with Viettel Global during PM’s official visit to Myanmar. During the official visit to Myanmar by Prime Minister Nguyen Xuan Phuc, HDBank opened its first representative office in the country and signed a comprehensive cooperation agreement with the Viettel Global Investment JSC, which is expected to contribute to promoting economicContinue reading “HDBank opens rep office in Myanmar”
Category Archives: Finance
World Bank estimates Vietnam’s GDP growth to hit 6.8% this year
Advertisements Vietnam’s economy has performed well in 2019, with GDP expanding by an estimated 6.8 percent, public debt reduced by almost eight percentage points of GDP since 2016, and a trade balance surplus for the fourth year in a row, the World Bank said in a press release on Tuesday. “These results are remarkable inContinue reading “World Bank estimates Vietnam’s GDP growth to hit 6.8% this year”
GoBear Vietnam recorded 260% YOY revenue growth, became the leading financial supermarket
Advertisements The Singapore-based online comparison platform achieved record growth in 2019 in terms of revenue, transactions, and new users. GoBear helps users search, match and transact more than 1,800 personal finance products including Credit Cards, Personal Loans, Travel Insurance, Education Endownment Insurance, Critical Illness Insurance, Universal Life Insurance, Fixed Deposits, Bank Accounts, Home Loans, HomeContinue reading “GoBear Vietnam recorded 260% YOY revenue growth, became the leading financial supermarket”
VN real estate firms struggle to find ‘clean’ land
Advertisements Legal bottlenecks have affected the real estate market since the beginning of the year. The number of successful transactions in the market has decreased sharply this year. The demand remains high, but the supply is low because of legal bottlenecks. Real estate firms are under pressure to seek land and sell products at reasonableContinue reading “VN real estate firms struggle to find ‘clean’ land”
VN-Index down 7 points as blue chips fall
Advertisements The VN-Index lost 7.44 points, or 0.77 percent to 954.03 points Tuesday, with most of Vietnam’s blue chips falling. This was the biggest drop for the VN-Index, which represents stocks on the Ho Chi Minh Stock Exchange (HoSE), Vietnam’s main bourse, in the last two weeks. On HoSE, 218 stocks lost and 112 stocksContinue reading “VN-Index down 7 points as blue chips fall”
USA issues final order imposing duties on steel products exported from Vietnam
Advertisements The U.S. Commerce Department said on Monday it had issued a final order imposing duties of up to 456% on certain steel products from South Korea or Taiwan that are shipped to Vietnam for minor processing and then exported to the United States. The agency said in a statement that it had found corrosion-resistantContinue reading “USA issues final order imposing duties on steel products exported from Vietnam”
Vietnam is ninth largest overseas remittance receiver in the world
Advertisements According to the latest data from the World Bank, Vietnam is ninth largest overseas remittance receiver in the world, and third in Asia. The country has held the ranking for five consecutive years. Ho Chi Minh City is among the localities that receives the highest amount of remittances in Vietnam, accounting for up toContinue reading “Vietnam is ninth largest overseas remittance receiver in the world”
Vietnam raises GDP by 25.4% for the 2010-2017 period
Advertisements Vietnam’s upward revision to its GDP narrrows the economic gap with its neighors and highlights the economy’s shift toward industry and away from agriculture. Nikkei Asia reports. Vietnam on Friday formally revised up its gross domestic product by 25.4% for the 2010-2017 period, following efforts to align its official statistical methodology with international standards.Continue reading “Vietnam raises GDP by 25.4% for the 2010-2017 period”
Bank stocks push market up
Advertisements Shares managed to increase on Wednesday thanks to the growth of banking stocks. The VN-Index on the Hồ Chí Minh Stock Exchange (HOSE) increased 0.15 per cent to end Wednesday at 961.78 points. Nearly 216.5 million shares worth almost VNĐ4.4 trillion (US$188 million) were traded on the southern market. The benchmark index had lostContinue reading “Bank stocks push market up”
VN-Index drops 0.6 percent as blue chips sink
Advertisements Blue-chips led stock market losses Tuesday, with the VN-Index falling 5.76 points or 0.6 percent to close at 960.30 points. On the Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, 204 stocks lost and 130 gained. The VN30-Index, representing Vietnam’s 30 biggest market cap stocks, fell 0.77 percent with 20Continue reading “VN-Index drops 0.6 percent as blue chips sink”
Vietnam’s banking sector is an attractive investment opportunity
Advertisements Vietnam’s banking sector is an attractive investment opportunity because it is generating a lot of capital and growing fast, according to a senior banker at J.P. Morgan. CNBC reports. It is a rare combination where Vietnamese banks are growing fast and are quite profitable, Harsh Modi, co-head of Asia ex-Japan for financials research atContinue reading “Vietnam’s banking sector is an attractive investment opportunity”
Vietnam to reduce tariffs on American agriculture products
Advertisements Under pressure from the U.S., Vietnam’s Ministry of Finance is proposing to reduce tariffs on some American agriculture products, from chicken to apples. The government is working to alleviate U.S. concerns over Vietnam’s growing trade surplus. At the request of the U.S., Vietnam now is reviewing duties on some American products, with tariff cuts seen asContinue reading “Vietnam to reduce tariffs on American agriculture products”
How long will Vietnam stay in the top 20 in economic growth?
Advertisements Vietnam could drop out of the Top 20 economies of global growth. Is this because Vietnam is going more slowly or the world is going faster? Vietnam is now considered a ‘rising star’ after the US-China trade war breakout. While other countries have to struggle with economic growth slowdown or the fluctuations of localContinue reading “How long will Vietnam stay in the top 20 in economic growth?”
Southeast Asia’s GDP growth to remain at 4.5 per cent in 2020
Advertisements Economic growth across the Southeast Asia region will slow down from 5.1 per cent in 2018 to 4.5 per cent in 2019 and remain unchanged in 2020, amidst high risks of a re-escalation in trade tensions, according to the ICAEW’s latest Economic Update: Southeast Asia report. As such,the outlook for exports and private investmentContinue reading “Southeast Asia’s GDP growth to remain at 4.5 per cent in 2020”
HCMC should keep one-third of budget revenues for itself: chairman
Advertisements Ho Chi Minh City has the lowest budget retention rate of all cities in the world, and this should change, its chairman says. In the 2016-2020 five-year period, Vietnam’s largest city has been allowed to keep just 18 percent of its annual revenues and submit the rest to the national budget. “This is theContinue reading “HCMC should keep one-third of budget revenues for itself: chairman”