Advertisements All indexes gain ground. The stock market had a positive November 22. On HSX, the VN-Index finished at 924.42 points, up 1.86 points (0.20 per cent), and the VN30-Index 898.90 points, up 1.80 points (0.20 per cent). On HNX, the HNX-Index closed at 104.55 points, up 0.65 points (0.63 per cent), the HNX30-Index 187.73Continue reading “November 22: VN-Index up 0.20%”
Category Archives: Finance
Now Is the Time to Buy Vietnam: Ashmore Group Plc Fund Manger
Advertisements Ashmore Group Plc, the London-based firm has doubled its exposure to Vietnamese stocks since the end of the first quarter, according to fund manager Andrew Brudenell. The firm, which managed $76.4 billion as of end-September, now sees the country’s banking sector and some consumer stocks as notably cheaper. According to a report on Bloomberg,Continue reading “Now Is the Time to Buy Vietnam: Ashmore Group Plc Fund Manger”
Vietnam’s blockchain development plan still up in the air
Advertisements With five to seven events organized each month, blockchain experts are trying to change the mindset of Vietnamese businesses about blockchain technology. The Blockchain Innovation Tour (BIT) was organized in HCMC on November 6. Vietnam was the second destination in Southeast Asia, after Malaysia, that BIT visited in the first half of the month.Continue reading “Vietnam’s blockchain development plan still up in the air”
November 20: VN-Index up 0.32%
Advertisements HNX-Index and UPCoM lose ground. Trade had become more positive as the stock market neared its close on November 20, though results were mixed. On HSX, the VN-Index finished at 919.02 points, up 2.96 points (0.32 per cent), and the VN30-Index 893.09 points, up 14.32 points (1.64 per cent). On HNX, the HNX-Index closedContinue reading “November 20: VN-Index up 0.32%”
VDSC Weekly Market Recap: DGW, HDG, VGC, FPT, NVL, LTG, MPC, MWG
Advertisements The VNIndex down 1.76% to 898.19 points. Liquidity on HOSE remained relatively unchanged compared to the previous week, with an average VND2,501bn (USD108.7mn) of daily trading. Foreigners participated more in the trading activity, representing 14.4% of total trading. However, the turned net sellers divesting VND799.21bn (USD34.7mn). Despite the investors’ risk-off stance most of theContinue reading “VDSC Weekly Market Recap: DGW, HDG, VGC, FPT, NVL, LTG, MPC, MWG”
November 16: VN-Index closes higher
Advertisements All main indexes gain ground on last day of week. Investor sentiment was quite positive in the afternoon session on November 16, with banking stocks such as BID, CTG, VCB, ACB, MBB, VPB, HDB and TCB increasing strongly. Securities and real estate and construction stocks also rose and petroleum, seafood, and textiles and garmentsContinue reading “November 16: VN-Index closes higher”
Nielsen: Modern stores winning over Vietnamese shoppers
Advertisements Local shoppers increasingly favor modern trade channels, latest Nielsen data finds. 2018 has been a year of unprecedented change in modern trade channels. Though traditional trade, including wet markets, still dominates in Vietnam, modern trade has gained impressive momentum, according to Nielsen’s latest “Global Shopper Trend” report. The number of convenience stores has nearlyContinue reading “Nielsen: Modern stores winning over Vietnamese shoppers”
Traders Fair and Gala Night Vietnam – The fantastic show of finance
Advertisements Traders Fair & Gala night, Vietnam is attracting the world of traders to one place during one day. The leaders of the industry are going to come together in one place and to have an exchange of knowledge and experience. When: November 24, 2018 Where: Windsor Plaza Hotel, Saigon (18 An Duong Vuong Street,Continue reading “Traders Fair and Gala Night Vietnam – The fantastic show of finance”
Prosecution begins for VND300 billion fraud at HSBC and ANZ
Advertisements HSBC and ANZ have named 13 companies of being involved in a series of frauds costing the banks VND300 billion ($13 million), leading to the prosecution of dozens of defendants and eight companies. While no wrong-doings have been identified on the part of the staff of the two banks, the court issued further investigation.Continue reading “Prosecution begins for VND300 billion fraud at HSBC and ANZ”
VPBank honored for SME services
Advertisements Bank wins “The SME Bank of the Year” from IFC. The Vietnam Prosperity Joint Stock Bank (VPBank) overcame more than 100 competitors to be named “The SME Bank of the Year” in Asia at the inaugural Global SME Finance Awards, held in conjunction with the Global SME Finance Forum and managed by the InternationalContinue reading “VPBank honored for SME services”
Major loss-making foreign-invested firms to be inspected for tax compliance
Advertisements The General Department of Taxation (GDT) has just sent a document asking provincial and city Departments of Taxation to inspect and supervise groups, corporations, and companies, which reported big losses over the past years. According to the GDT, from the beginning of the year to October 23, tax authorities have conducted 70,102 inspections, reachingContinue reading “Major loss-making foreign-invested firms to be inspected for tax compliance”
November 15: VN-Index down 0.42%
Advertisements Only UPCoM gains ground. Many stocks were sold aggressively on November 15 as the VN-Index lost ground. On HSX, the VN-Index closed at 897.15 points, down 3.78 points (0.42 per cent), and the VN30-Index 864.98 points, down 6.57 points (0.75 per cent). On HNX, the HNX-Index finished at 101.02 points, down 0.18 points (0.18Continue reading “November 15: VN-Index down 0.42%”
November 14: VN-Index reclaims ground
Advertisements Market better today following yesterday’s losses. The VN-Index increased on low liquidity on November 14 as oil stocks sunk after oil prices fell overnight. Increases were seen from the opening. Seafood and textile stocks such as VHC, MPC, FMC, CMX, TCM, TNG, TDT and GIL continued to be the focus of cash flows, withContinue reading “November 14: VN-Index reclaims ground”
November 13: VN-Index down 1.39%
Advertisements All indexes lose ground. Vietnam’s stock market suffered losses all round on November 13. On HSX, the VN-Index closed at 905.38 points, down 12.74 points (1.39 per cent), and the VN30-Index 873.87 points, down 14.33 points (1.61 per cent). On HNX, the HNX-Index finished at 102.47 points, down 0.90 points (0.87 per cent), theContinue reading “November 13: VN-Index down 1.39%”
Vietnam’s Agribank denies bankruptcy rumor
Advertisements The Vietnam Bank for Agriculture and Rural Development, better known as Agribank, has rejected rumor circulating in several localities in recent days that it had gone bankrupt. The rumor started to spread on Friday, when Le Bach Hong, a former Deputy Minister of Labor, War Invalids and Social Affairs and former head of VietnamContinue reading “Vietnam’s Agribank denies bankruptcy rumor”