Advertisements Does the emerging Asian nation deserve its ‘next China’ tag or are more challenges on the horizon? Vying for Vietnam The strong growth prospects for Vietnam and its political turnaround story has been a recurring theme for fund selectors at Citywire Selector events this year. However, portfolio managers disagree on the prospects for theContinue reading “Executive interviews: Time to invest in Vietnam?”
Category Archives: Finance
Vietnam’s Booming Debt Market – How To Recover From Financial Setbacks And Rebuild Your Finances
Advertisements Vietnam is one of the fastest-growing economies in Southeast Asia, and based on current predictions, there’s no slowing down for Vietnam’s economy in sight. However, while the economy has been expanding, so has the consumer lending market. Household debts have risen by 28 percent annually since 2000 and the business finance sector has seen similar figures. However withContinue reading “Vietnam’s Booming Debt Market – How To Recover From Financial Setbacks And Rebuild Your Finances”
The best prepaid cards you should know
Advertisements Prepaid debit cards can be used to make purchases anywhere credit or debit cards are accepted, including online. Unlike a credit card, a prepaid debit card won’t let you fall into debt. You load a balance onto your card, and once that money has been spent, the card will be declined should you attemptContinue reading “The best prepaid cards you should know”
Realty, banking drives VN-Index up
Advertisements Vietnamese shares ended Tuesday morning on a positive note, driven by banking and real estate companies. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange rose 0.39 per cent to close at 989.57 points after falling 0.47 per cent on Monday. More than 82 million shares were traded on the southern bourse, worthContinue reading “Realty, banking drives VN-Index up”
Vingroup unit licensed to offer e-wallet services
Advertisements Vingroup’s loyalty program VinID has been permitted to operate e-wallet services, furthering the private conglomerate’s foray into cashless payment. VinID acquired local payment firm People Care Jsc in May. It also owns People Care’s e-wallet MonPay, and has replaced the management board of the payment firm with its own executives since the end ofContinue reading “Vingroup unit licensed to offer e-wallet services”
Vietnam to consolidate exchanges under single entity
Advertisements Under the new structure, HOSE will focus on operating the stock market and the HNX will focus on derivatives and bond markets. Vietnam’s Finance Ministry has reportedly announced structural changes to the country’s capital markets. Under a draft decision submitted to the Prime Minister, HOSE (the Ho Chi Minh Stock Exchange) and the HNXContinue reading “Vietnam to consolidate exchanges under single entity”
Vietjet Air among global leaders in revenue from ancillary services
Advertisements Vietjet Air ranks 12th in the world among airlines in terms of ancillary services as a percentage of total revenues. The budget airline’s income from ancillary services such as on-flight food and souvenirs was $338.2 million in 2018, or 23.5 percent of total revenues, according to the CarTrawler Ancillary Revenue Yearbook recently released byContinue reading “Vietjet Air among global leaders in revenue from ancillary services”
VN-Index declines as corporates short of good news
Advertisements Việt Nam’s benchmark VN-Index failed to beat the 1,000 points again amid lack of supportive corporate news and large-cap stocks declining after strong gains last week. The VN-Index on the Hồ Chí Minh Stock Exchange fell 0.47 per cent to close Monday at 985.75 points. The VN-Index gained total 0.32 per cent last week.Continue reading “VN-Index declines as corporates short of good news”
Vietnam’s bank offers certificates of deposit at fourfold interest rates of the US banks
Advertisements Vietnam’s Sacombank is offering certificates of deposit in dong to individual and corporate customers at attractive interest rates – 8.6 percent per annual. According to a report by Vietnam News Agency, the certificates of deposit offered by Sacombank have a minimum face value of VND1 million (US$43) and a tenor of seven years (84Continue reading “Vietnam’s bank offers certificates of deposit at fourfold interest rates of the US banks”
Vietnamese corporate bonds are hard to attract foreign investors
Advertisements Vietnamese enterprises have offered $1.75 billion worth of bonds in international markets, but sold just $300 million this year. VnExpress reports. In the first eight months of this year, companies registered 5 separate international bond issues, but only VPBank has been able to successfully issue $300 million worth of 3-year term bonds to Asian and EuropeanContinue reading “Vietnamese corporate bonds are hard to attract foreign investors”
Vietnamese credits warmed by Lenders
Advertisements Vietnamese borrowers are taking advantage of improved sentiment and abundant liquidity in the offshore loan markets, following positive sovereign rating news earlier this year. Reuters reports. Consumer finance firm VPBank Finance is back for its second foreign-currency loan of the year, looking to raise up to US$200m through a 364-day loan. Vietnam’s credit profileContinue reading “Vietnamese credits warmed by Lenders”
Driving growth through innovation of Vietnam’s banking, finance and FinTech industry
Advertisements An exclusive luncheon roundtable hosted by EY invited more than a dozen leaders of Vietnam’s banking, finance and FinTech industry to partake in a discussion regarding developments in the sector and how competing interests can be aligned to drive future growth. The discussion uncovered key takeaways including finding synergies between legacy financial institutions andContinue reading “Driving growth through innovation of Vietnam’s banking, finance and FinTech industry”
Alliex – South Korean firm invests $700 million to build cashless payment across Vietnam
Advertisements Alliex plans to install a total of 600,000 shared POS devices in Vietnam over the next five years, its director Park Byounggun told Deputy Prime Minister Vuong Dinh Hue at a meeting on Friday. According to a report by Hùng Le on VNExpress, the company, along with local partners, will build and operate this sharedContinue reading “Alliex – South Korean firm invests $700 million to build cashless payment across Vietnam”
Reimagining the customer journey at financial institutions
Advertisements A panel of payments experts discuss what banks can learn from ‘big tech’ and how they can leverage new technology and better engage with their clients to enable their success in a rapidly evolving business environment. Regulatory changes and technology innovations are driving change – not only at financial institutions, but also among theirContinue reading “Reimagining the customer journey at financial institutions”
Gold and oil on the rise after drone attack in Saudi Arabia
Advertisements Oil prices fell about 2 per cent last night (September 18), continuing the decline from the previous session after Saudi Arabia announced to quickly resume full production and US crude oil reserves unexpectedly increased. Brent crude delivered in November 2019 closed the session on September 18, down 95 US cents or 1.5 per centContinue reading “Gold and oil on the rise after drone attack in Saudi Arabia”