Advertisements Bank remarks long journey of driving commerce and prosperity in Vietnam. The London-based international bank Standard Chartered recently kick-started celebrations of its 115th anniversary in Vietnam. The key highlight was the Standard Chartered 115th Anniversary Gala event last week. The ceremony was graced by the bank’s clients and partners and hosted by Ms. JudyContinue reading “Standard Chartered Bank celebrates 115 years in Vietnam”
Category Archives: Finance
Trump pushes tariff deadline, most SE Asian stocks rise; Vietnam leads
Advertisements Most Southeast Asian stock markets traded higher on Monday, with Vietnam leading the pack, on hopes of a Sino-US trade deal after US President Donald Trump pushed back the planned increase in tariffs on Chinese imports from March 1. Trump on Sunday tweeted that “substantial progress” had been made in trade talks with ChinaContinue reading “Trump pushes tariff deadline, most SE Asian stocks rise; Vietnam leads”
Securities firms in Vietnam advised the reasons to buy VIB’s stock
Advertisements MB Securities Joint Stock Company (MBS) reiterates its buy rating and VND25,500 price target for the mid-term investment, advising clients to purchase the stock of Vietnam International Bank (VIB) ahead of its annual general shareholders meeting. Yuanta Vietnam – a sub-company of Taiwanese Yuanta Financial Holdings also release a research report on VIB’s outlook,Continue reading “Securities firms in Vietnam advised the reasons to buy VIB’s stock”
VN-Index gains on property stocks
Advertisements Việt Nam’s benchmark VN-Index advanced on Tuesday thanks to strong growth of large-cap stocks such as Vingroup (VIC) and its property arm Vinhomes (VHM). The VN-Index edged up 0.32 per cent to close trade at 964.35 points. It increased over 1 per cent on Monday. However, 190 of total 380 stocks on the HồContinue reading “VN-Index gains on property stocks”
Key highlights of Vietnam’s Weekly Market Recap
Advertisements The explosion of iron ore prices and worries about the demand of the steel industry. According to VDSC Weekly Market Recap, the iron ore market has exploded in recent weeks, through raising the price of steel but investors are still concerned about weak consumption prospects in 2019 of this industry. Iron ore has beenContinue reading “Key highlights of Vietnam’s Weekly Market Recap”
Macroeconomic indexes support VND: experts
Advertisements The US FED’s ‘less hawkish policy’ on raising interest rate has affected the exchange rate for the Vietnamese dong this year. The probability of the US FED maintaining the Fed Fund Rate at 2.25-2.5 percent is 70 percent, according to foreign institutions. The US dollar Index dropped from 97.5 points in the second halfContinue reading “Macroeconomic indexes support VND: experts”
Cybersecurity solutions for small businesses: an untapped market
Advertisements Cybersecurity solution providers are mostly targeting large corporations, ignoring small and medium sized enterprises (SMEs), which are also facing security problems. Tran Quang Chien, CEO of CyStack, said the cyber security solution market in Vietnam has great potential to develop. In 2018, the global cybersecurity solution market had estimated value of $96 billion, whileContinue reading “Cybersecurity solutions for small businesses: an untapped market”
e-Payments in Vietnam are slowly taking off
Advertisements 2018 proved to be a fantastic year for the Vietnamese economy. Figures from the government showed that the socialist state’s gross domestic product (GDP) grew by 7.1 percent year on year in the first six months of 2018 – the fastest growth recorded since 2011. Vietnam’s impressive growth rate is expected to continue thisContinue reading “e-Payments in Vietnam are slowly taking off”
Experts cautious about stock market predictions in 2019
Advertisements The stock index has become unpredictable as there are signs of weaker liquidity, while investors are becoming more cautious. Though agreeing that the national economy will perform well this year, analysts think the stock index is not likely to increase sharply. Nikkei Asia Review recently published an article with positive comments about Vietnam’s economy,Continue reading “Experts cautious about stock market predictions in 2019”
Vietnam’s stock market hits near 2-month high
Advertisements Vietnam benchmark rose for the second straight session and ended up 1.2% at its highest level since Dec 17, with real estate and consumer stocks leading the gains. Property developer Vingroup JSC scaled 4.9%, while Saigon Beer Alcohol Beverage Corp jumped 1.9%. Vietnam was also chosen to host this month’s summit between U.S. PresidentContinue reading “Vietnam’s stock market hits near 2-month high”
Vietnamese bank named among the world’s 500 most valuable bank brands for 2019
Advertisements VPBank (The Vietnam Prosperity Bank) was the only private Vietnamese bank named in the list of the world’s 500 most valuable bank brands for 2019, recently announced by Brand Finance. According to the list of Brand Finance, VPBank ranked 361st on the list. State-owned VietinBank was number 242, up from the 310 in 2018.Continue reading “Vietnamese bank named among the world’s 500 most valuable bank brands for 2019”
Economists worry about economic growth as national debt grows
Advertisements Heavy reliance on FDI (foreign direct investment) and high national debts are the two biggest concerns for Vietnam’s economy, experts say. Truong Dinh Tuyen, former Minister of Trade, said at a recent workshop on the economic prospects in 2019 that Vietnam’s economy has had high GDP growth rate of nearly 7 percent in recentContinue reading “Economists worry about economic growth as national debt grows”
High-end apartment prices still lower than regional peers
Advertisements Prices still affordable by regional comparison despite higher growth. High-end apartment prices in Ho Chi Minh City and Hanoi are generally still lower than regional peers such as Kuala Lumpur and Bangkok, despite much stronger growth rates in Ho Chi Minh City when compared with these markets, according to Mr. Neil MacGregor, Managing DirectorContinue reading “High-end apartment prices still lower than regional peers”
Vietnam per capita income matches Malaysia’s 20 years ago
Advertisements Vietnam’s recent economic achievements notwithstanding, much effort is needed for it to close the gap with other countries, a minister has said. Minister of Planning and Investment Nguyen Chi Dung said at a conference Wednesday that while Vietnam’s GDP per capita had surged by 27.4 times in the last 30 years to almost $2,590Continue reading “Vietnam per capita income matches Malaysia’s 20 years ago”
HDBank ends 2018 with a bang
Advertisements Ho Chi Minh City-based commercial lender HDBank registered very upbeat business results in 2018 with strong growth across the board. In the fourth quarter of last year, the bank registered a 122 per cent jump in its consolidated pre-tax profit to more than VND1.121 trillion ($48.7 million). Its net interest income amounted to VND2.161Continue reading “HDBank ends 2018 with a bang”