Advertisements Increases seen on both HSX and HNX. The first trading day of December was fairly positive, with money flowing in and help indexes head upwards. At the close of trade, the VN-Index had increased 25.05 points (2.7 per cent) to 951.59 points, the HNX-Index 2.81 points (2.69 per cent) to 107.64 points, and theContinue reading “December 3: VN-Index gains 2.7%”
Category Archives: Finance
Stock dividends keep shareholders happy
Advertisements In the third quarter of this year Techcombank decided to pay stock dividends for 2017 to its shareholders at a ratio of two shares for each share held. The decision was part of the bank’s plan to increase its charter capital to US$1.2 billion. To increase its capital, Military Bank maintained a dividend payoutContinue reading “Stock dividends keep shareholders happy”
Vietnam’s banks: small capital, low technology, bad debt
Advertisements While commercial banks in the world are changing fast to adapt to the 4.0 industrial revolution, Vietnam’s banks are still busy trying to raise capital. Le Xuan Nghia, a banking expert, said after the 2008 financial crisis, the standards on bank administration were strengthened heightened, leaving Vietnam far behind. Considered the ‘pillars’ of theContinue reading “Vietnam’s banks: small capital, low technology, bad debt”
VDSC Weekly Market Recap: Coverage List, Labour Productivity, Money Market, PNJ, HAX
Advertisements VNIndex closed November at 926.54 points, which gains 1.29% compared to last month. Low liquidity has now become a common factor of this market. The average matching value of November is around $109mn, the lowest in the last ten months. This month, foreign investors have a net buying value of $59.5mn but it’s notContinue reading “VDSC Weekly Market Recap: Coverage List, Labour Productivity, Money Market, PNJ, HAX”
Market waits for regulations on small apartments
Advertisements The property market awaits technical standards for the development of small apartments, which may become a trend to deal with the housing crisis caused by the country’s rapid urbanisation. At the end of last year, the Ministry of Construction gave the green light to HCM City to study the development of apartments with areasContinue reading “Market waits for regulations on small apartments”
Vietcombank to apply Basel II standards
Advertisements The State Bank of Vietnam (SBV) has allowed the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) to apply Basel II standards one year earlier than the deadline initially set by the central bank. Basel II is the second edition of the Basel Accords, which are recommendations on banking laws and regulationsContinue reading “Vietcombank to apply Basel II standards”
November 30: VN-Index down as HNX-Index up
Advertisements Trade marked by unpredictability throughout day. Morning trading on November 30 was quite dramatic. After the VN-Index fell more than five points in the middle of the morning, the market then gradually recovered. Increases in large caps such as VRE, PNJ, VPB, PLX, VNM, VCB, BHN, BVH, and MBB were the main factors behindContinue reading “November 30: VN-Index down as HNX-Index up”
Tran Bac Ha, former chairman of Vietnam’s BIDV has been arrested
Advertisements The Ex-Chairman of Vietnam’s BIDV, the second largest listed bank has been arrested for alleged violations of banking regulations, the Southeast Asian country’s public security ministry said on Thursday. Tran Bac Ha, former head of the state-owned Joint Stock Commercial Bank for Investment and Development of Vietnam, or BIDV, was accused of “violating regulationsContinue reading “Tran Bac Ha, former chairman of Vietnam’s BIDV has been arrested”
VIB became the first Vietnam’s private commercial bank formally apply Basel II
Advertisements Vietnam International Bank (Upcom: VIB) has received approval from the State Bank of Vietnam (SBV) to apply capital adequacy ratio following Basel II standards. This approval followed SBV’s Circular No 41/2016/TT-NHNN on regulating capital adequacy ratio for banks, branches of foreign banks, effective from January 1, 2019. “Meeting strict Basel II standards, VIB isContinue reading “VIB became the first Vietnam’s private commercial bank formally apply Basel II”
November 27: VN-Index up 0.23%
Advertisements HNX & HNX30 the only losers. On HSX on November 27 the VN-Index finished at 923.12 points, up 2.09 points (0.23 per cent), and the VN30-Index 895.30 points, up 0.25 points (0.03 per cent). On HNX, the HNX-Index closed at 103.19 points, down 0.79 points (0.76 per cent), and the HNX30-Index 185.36 points, downContinue reading “November 27: VN-Index up 0.23%”
South Korean banks race into Vietnam
Advertisements KEB Hana tipped to buy BIDV stake, while Shinhan surpasses HSBC as top foreign bank South Korean banks are scrambling to expand their presence in Vietnam, betting on the emerging country’s growth potential and its intent to loosen foreign ownership limits. According to a report on Nikkei, KEB Hana Bank, South Korea’s second-largest lenderContinue reading “South Korean banks race into Vietnam”
Foreign investors pour nearly US$ 31 billion into Vietnam
Advertisements As of late November 2018, Viet Nam absorbed US 30.8 billion of FDI, equivalent to 93.2% against the same period last year. As of November 20, 2,714 projects got business licenses worth US$ 15.78 billion, accounting for 79.7% against the same period last year. Meanwhile, 954 projects got additional capital with a total registeredContinue reading “Foreign investors pour nearly US$ 31 billion into Vietnam”
November 26: VN-Index loses ground
Advertisements Investors cautious amid unpredictable movements. The stock market opened the new week with slow movements on November 26. The lack of support information and unpredictable developments are making investors become more cautious. At 10am, the VN-Index had fallen 2.22 points (0.24 per cent) to 915.75 points, the HNX-Index 0.25 per cent to 104.01 points,Continue reading “November 26: VN-Index loses ground”
Life insurers changing channels
Advertisements Life insurers are boosting online sales and digitalization to transform and better satisfy customers. Having three life insurance policies with three different life insurers, Ms. Pham Hoai Thu, a 42-year-old bank officer working in Ho Chi Minh City’s District 3, has never felt it was complicated to follow the policies’ information or pay theContinue reading “Life insurers changing channels”
ASEAN may be forced to choose between US, China: Cambodia PM’s son
Advertisements Southeast Asian nations may soon have to “choose sides” between the U.S. and China in their ongoing trade war. Impoverished Cambodia has become an unlikely staging ground for geopolitical influence in Asia. In recent years it has turned into a key China ally, receiving billions of dollars in investment and loans. While China hasContinue reading “ASEAN may be forced to choose between US, China: Cambodia PM’s son”