Advertisements As a result of negative news from the extended US-China trade war and Huawei’s CFO’s arrest, the VNIndex closed at 952.04 pts, down 0.68% WoW. Since the start of the month, the VNIndex increased 2.75%; however, it had increased 2.7% on the first day of December, meaning it almost stayed flat for the remainingContinue reading “VDSC Weekly Market Recap”
Category Archives: Finance
Two men dress upvas women to steal from foreigner in Ho Chi Minh City
Advertisements Police in Ho Chi Minh City have arrested two men who disguised as women to steal from a foreigner on Saturday night, when people were celebrating Vietnam’s winning the ASEAN Football Federation (AFF) Championship. Officers in District 1 confirmed they are holding Le Thanh Duong, 23, and Nguyen Minh Canh, 25, in custody forContinue reading “Two men dress upvas women to steal from foreigner in Ho Chi Minh City”
Long game played in real estate
Advertisements Vietnam’s real estate market continues to be of major interest to foreign investors. When discussing the most dynamic emerging markets globally, it’s hard to lose sight of Vietnam. Driving its strong economic growth is an expanding middle class with thickening wallets. Rapid urbanization supported by a young, growing and educated population all bode wellContinue reading “Long game played in real estate”
VN-Index drops to monthly low
Advertisements Vietnam’s benchmark VN-Index closed down 0.85 percent Friday, the lowest in a month.It ended the day at 952.04 points, down 8.21 points. The VN30-Index, representing the 30 largest stocks in terms of capitalization, fell by 10.11 points, or 1.09 percent, to 918.79 points. On the Ho Chi Minh Stock Exchange (HoSE), 193 stocks endedContinue reading “VN-Index drops to monthly low”
Eximbank to offer 50% Off on Digital Banking services fees
Advertisements Eximbank has applied a fresh service fee structure for customers using Digital Banking services to create convenience in customer transaction as well as avoid extra fees to customers. More specifically, from December 04th 2018, customers will not only be free of charge when they register for Internet Banking package of Eximbank, but also have feesContinue reading “Eximbank to offer 50% Off on Digital Banking services fees”
December 11: VN-Index loses 0.14%
Advertisements All indexes down on another difficult day. Vietnam’s stock market again lost ground on December 11. The VN-Index closed on HSX at 954.58 points, down 1.31 points (0.14 per cent), while the VN30-Index finished at 922.34 points, down 0.48 points (0.05 per cent). On HNX, the HNX-Index closed at 106.59 points, down 0.23 pointsContinue reading “December 11: VN-Index loses 0.14%”
December 10: VN-Index down 0.28%
Advertisements All indexes finish in negative territory. Unfavorable movements in the region made investors on Vietnam’s stock market more cautious on December 10 and indexes lost ground. One positive was demand, which stemmed the decline. The VN-Index closed at 955.89 points, down 2.70 points (0.28 per cent), while elsewhere on HSX the VN30-Index finished atContinue reading “December 10: VN-Index down 0.28%”
VDSC Weekly Market Recap: Vietnam’s Emerging Market Status, Pharmaceuticals, FPT Online,
Advertisements Whether or not the Christmas rally started early, this week marks the 3rd consecutive week of gains, as the market rallied 3.5% WoW. Since November 9th the VNIndex has gained 4.9%. Early in the week, investors were celebrating (perhaps too enthusiastically) the news from the Buenos Aires meeting between Tump and Xi. Following AsianContinue reading “VDSC Weekly Market Recap: Vietnam’s Emerging Market Status, Pharmaceuticals, FPT Online,”
Digital banking is here to stay, but effects still unclear
Advertisements Making late investments in high technology could cause a bank to lag behind, but if a bank goes too fast and customers are not ready, it will suffer losses. Established in 2008, TP Bank has a limited network of branches and transaction offices. It experienced liquidity shock in 2011, but has become a ‘risingContinue reading “Digital banking is here to stay, but effects still unclear”
Vietnamese currency falls to new low, could go lower
Advertisements The official exchange rate between Vietnamese dong and U.S. dollar reached its highest this year Wednesday, and experts said the dong could further. The State Bank of Vietnam set a central exchange rate of VND22,757 on Wednesday, the sixth time the rate has gone up in the last two weeks. The dong has fallenContinue reading “Vietnamese currency falls to new low, could go lower”
December 5: VN-Index down slightly
Advertisements Market does well amid global concerns. The afternoon session on the stock market opened amid some excitement, with cash flows continuing to pour in and helping indexes rise. At 1.40pm the VN-Index had increased 1.8 points (0.19 per cent) to 960.64 points and the HNX-Index 0.41 points (0.38 per cent) to 107.8 points, whileContinue reading “December 5: VN-Index down slightly”
CIMB Bank unveiled its first Digital Lounge in Vietnam
Advertisements CIMB Bank also launched its Octo by CIMB mobile banking app for consumers in Vietnam. Saigon (Ho Chi Minh City) to host CIMB Bank Vietnam’s first branch presence following the establishment of its headquarters in Hanoi in 2016. The launch also marks the beginning of CIMB Vietnam’s digital banking proposition, inaugurated by Octo whichContinue reading “CIMB Bank unveiled its first Digital Lounge in Vietnam”
Central bank’s exchange rate hits highest level in months
Advertisements The central bank’s daily reference exchange rate of the US dollar against the Vietnamese dong has been adjusted up slightly in recent sessions, pushing it to the highest level since early this year. On Monday, the central bank appreciated the value of the dollar against the dong by VND5 over last Friday to VND22,755Continue reading “Central bank’s exchange rate hits highest level in months”
December 4: VN-Index up slightly
Advertisements Index gains just 0.11% in morning trade. Vietnam’s stock market had a generally positive December 4. Bluechips VHM, VJC, VRE, BHN, VIC, VNM, MSN, and BVH as well as banking stocks BID, VPB, and TCB all rose and supported the market. Increases also spread to other sectors such as securities and real estate andContinue reading “December 4: VN-Index up slightly”
Cashless services explode in Vietnam
Advertisements Vietnam’s central bank says the value of cashless transactions more than doubled over the first three quarters of 2018. The Department of Payments at the State Bank of Vietnam reported a strong rise in payments over electronic channels between January and September, compared to the same period last year. Accordingly, the value of onlineContinue reading “Cashless services explode in Vietnam”