Advertisements Index then steadies but still in negative territory. Caution abounded in Vietnam’s stock market on the first day of the new week, with the VN-Index shedding more than ten points in the opening minutes. The sharp declines, however, attracted bottom-fishers, with stockholders unwilling to sell also steadying the market. At 10.10am, the VN-Index wasContinue reading “November 12: VN-Index loses more than 10 points in opening minutes”
Category Archives: Finance
Commercial banks hunt for young people
Advertisements Many commercial banks are now trying to win the hearts of young people, who could be big borrowers in the future. Eximbank and JCB have launched a new card product ‘Young Card’. The customer must have income of VND5 million a month to be eligible. “JCB wants to lead in providing card services toContinue reading “Commercial banks hunt for young people”
VDSC Weekly Market Recap: Coverage List, Strategy Report, BFC, ANV, BID,REE,VSC, FX Market
Advertisements VNIndex on Friday closed at 914.29, down 1.14% w.o.w. Although the liquidity on HOSE was quite weak during the week at average of VND2,524bn ($109.9mn) per day, foreign investors had a positive net buying two weeks in a row. The foreigner’s net buying is VND341.5bn($14.8mn). We made a clear statement last week that weContinue reading “VDSC Weekly Market Recap: Coverage List, Strategy Report, BFC, ANV, BID,REE,VSC, FX Market”
Banks to face worker shortage in 4.0 industrial era
Advertisements More than 56 percent of banks recruited new workers in Q3, but 26.6 percent said they still lacked workers, while more than 61 percent of banks planned to recruit more workers in the fourth quarter, a report says. Vietnam will need 1.6 million new workers for the banking sector in the 2016-2020 period, according to the InternationalContinue reading “Banks to face worker shortage in 4.0 industrial era”
ANZ marks 25 years in Vietnam
Advertisements Ceremonies held in HCMC and Hanoi on to mark milestone. ANZ held ceremonies in Ho Chi Minh City on November 7 and in Hanoi on November 8 to mark its 25 years of operating in Vietnam. Mr. Farhan Faruqui, ANZ Group Executive, International, said that Vietnam is a true Asian success story, emerging fromContinue reading “ANZ marks 25 years in Vietnam”
November 9: All indexes take hit
Advertisements VN-Index down 1.29% as regional markets stumble. Late morning and afternoon trade were quite negative on November 9, with continued declines in regional markets significantly affecting investor sentiment and resulting in strong selling pressure. At the close of trade, the VN-Index had lost 11.99 points (1.29 per cent) to 914.29 points, the HNX-Index 1.53Continue reading “November 9: All indexes take hit”
TPBank the first to enable cardless cash withdrawals
Advertisements Withdrawals now available via QR Code. The Tien Phong Commercial Joint Stock Bank (TPBank) has become the first bank in Vietnam to allow cardless cash withdrawals using a QR Code at both its ATMs and Livebank service, according to a report from the Vietnam News Agency. The news agency quoted the bank as announcingContinue reading “TPBank the first to enable cardless cash withdrawals”
Moody’s downgrades outlook on the banking system in Vietnam to stable from positive
Advertisements Moody’s Investors Service (Moody’s) has changed its 12-18 month outlook on the banking system in Vietnam (Ba3 stable) to stable from positive. Eugene Tarzimanov, a Moody’s Vice President and Senior Credit Officer said that, the growth of economic in Vietnam will remain robust, and the banks’ asset quality will improve, helping to strengthen their profitability.Continue reading “Moody’s downgrades outlook on the banking system in Vietnam to stable from positive”
November 7: VN-Index gains ground
Advertisements Index up 0.7% on low liquidity. Continued caution on the morning of November 7 saw the VN-Index fluctuate on low liquidity. Selling pressure was not too strong but demand was weak, with fluctuations remaining minor. Matching orders of more than 1 million units made on HSX included STB, HSG, OGC, HQC and HAG. TheContinue reading “November 7: VN-Index gains ground”
VIB’s shareholders gain from bonus shares with the ratio up to 41.13%
Advertisements Vietnam International Bank (UpCom stock code: VIB) has just been approved to increase its chartered capital to VND7,834 billion in 2018 from VND5,644 billion by the State Bank of Vietnam (SBV) and had relevant dossier endorsed by the State Security Commission of Vietnam. Accordingly, VIB’s shareholders will receive bonus shares with the ratio ofContinue reading “VIB’s shareholders gain from bonus shares with the ratio up to 41.13%”
Petrol prices sharply reduced
Advertisements The retail price of biofuel E5 RON 92 fell by VNĐ1,082 to trade at a maximum of VNĐ19,600 (US$0.84) per litre at 3pm today, the ministries of industry and trade and finance announced. The price of RON 95-III also dropped by VNĐ1,138 to a maximum of VNĐ21,065 per litre, while the prices of dieselContinue reading “Petrol prices sharply reduced”
Shinhan Bank launches new mobile banking app
Advertisements App features range of safe and secure log in options. Shinhan Bank Vietnam has officially launched a new mobile banking app, SOL, with many outstanding features. Apart from regular features in any mobile banking app, such as balance checks and money transfers, SOL also has logging in by password identification and other safe and secure logContinue reading “Shinhan Bank launches new mobile banking app”
VIB spends VND270 billion to pay cash dividends
Advertisements Vietnam International Bank (UPCoM stock code: VIB) will spend nearly VND270 billion to pay 2017 cash dividends to its shareholders. For many years, VIB has been consistently paying cash dividends to shareholders of the bank. In, October 30, 2018, the State Bank of Vietnam (SBV) approved of VIB’s paying 2017 dividends in cash atContinue reading “VIB spends VND270 billion to pay cash dividends”
VDSC Weekly Market Recap: Coverage List, Webinar Invite, PPC, PAC, PXS, CVT, NLG, STK
Advertisements For the week, the VNIndex managed to increase 2.7% to 924.86. Investors’ confidence returned thanks to a potential Trump-Xiao dialogue (China A-shares went up by 2.7% on Friday while the Hang Seng rose 4.2%) and the fact the CPTPP trade agreement has been submitted to the National Congress for signing. Liquidity on the HOSEContinue reading “VDSC Weekly Market Recap: Coverage List, Webinar Invite, PPC, PAC, PXS, CVT, NLG, STK”
Moody’s upgrades baseline credit assessments of VIB
Advertisements Moody’s Investors Service has just upgraded the baseline credit assessment (BCA) and adjusted BCA of Vietnam International Bank (VIB) to B1 and Counterparty Risk Assessment (CRA) to Ba3. Previously, right after upgrading the Government of Vietnam’s long-term issuer and senior unsecured ratings to Ba3 from B1, Moody’s upgraded the long-term local and foreign currencyContinue reading “Moody’s upgrades baseline credit assessments of VIB”