Advertisements Vietnam shares jumped 0.8%, boosted by financial and real estate stocks. Vietnam Technological and Commercial Bank (HOSE: TCB) rose 2.1%, while Vinhomes Co (HOSE: VHM) gained 3.2%. Southeast Asian Stocks market rise on Wall Street rebound; Philippines, Singapore lead gains. Today, October 17, 2018, most of Southeast Asian stock markets rose, tracking a reboundContinue reading “Vietnam stocks rebound over global fears”
Category Archives: Finance
October 16: VN-Index up 1.23%
Advertisements All indexes close in positive territory. Trade ended October 16 with quite positive results, as money spread across all sectors and helped indexes rise. On HSX, the VN-Index closed at 963.37 points, up 11.73 points (1.23 per cent), while the VN30-Index closed at 939.41 points, up 10.86 points (1.17 per cent). On HNX, theContinue reading “October 16: VN-Index up 1.23%”
Vietnam’s per capita GDP long way away from 2020 target
Advertisements Vietnam’s GDP per capita is set to increase this year, but its 2020 target of $3,200-3,500 looks distant. Minister of Planning and Investment Nguyen Chi Dung said at a National Assembly meeting Monday that if Vietnam’s GDP increases by 6.7 percent this year, per capita GDP will reach $2,540, up $155, or 6.1 percentContinue reading “Vietnam’s per capita GDP long way away from 2020 target”
October 15: VN-Index sheds 1.9% on low liquidity
Advertisements Though foreigners again net buyers, losses on all VN-Index, HNX-Index and Upcom-Index. Caution was the overriding sentiment on October 15 after a week of major adjustments. Cash flow was quite limited, while selling pressure remained and was focused on bluechips, taking the market downwards. In the morning the VN-Index was struggling at around 960 points.Continue reading “October 15: VN-Index sheds 1.9% on low liquidity”
VDSC Weekly Market Recap: PAC, GEX, CTI, PPC
Advertisements The week had started with relatively subdued price action, though slightly downward. At around USD200mn, liquidity was on par with its recent average. There was relatively little in terms of big news flow from Vietnam other than Vietnam is edging closer to hosting its first F1 race in 2020. If anything, news about VietnamContinue reading “VDSC Weekly Market Recap: PAC, GEX, CTI, PPC”
Novaland announces newest premium residence, The Grand Manhattan
Advertisements Novaland, one of the leading real estate developers in Vietnam, continues affirming its position in Vietnam by launching a premium residence project, The Grand Manhattan complex in Ho Chi Minh City. Located at the heart of District 1 of Ho Chi Minh City, The Grand Manhattan complex is the cream of Novaland’s luxury products.Continue reading “Novaland announces newest premium residence, The Grand Manhattan”
Falling Stock Prices Isn’t A Disaster, It Can Make You Rich
Advertisements The S&P 500 fell the most since February and the Nasdaq 100 had its worst day in seven years. In Vietnam, VN-Index loses 50 points today. But, don’t worry, when buying ownership in good businesses, stock market crashes are your friend One of the most popular topics among new investors is how to dealContinue reading “Falling Stock Prices Isn’t A Disaster, It Can Make You Rich”
Rising oil prices to benefit growth
Advertisements A surge in the price of crude oil on the global market is fueling the state coffers, but may affect the government’s efforts to curb inflation. On October 10, 2018, on the London market, the average price of Brent oil rose to US$85.17 per barrel for December contracts, and the average price of WTIContinue reading “Rising oil prices to benefit growth”
Vietnamese banks rush to seek foreign capital
Advertisements Commercial banks are now borrowing capital from foreign banks and financial institutions when they need more medium- and long-term capital. LienViet Post Bank on August 28 signed a contract with JP Morgan Chase Bank NA Singapore, which will provide a $50 million loan to the former for three years. LienViet Post Bank’s CEO saidContinue reading “Vietnamese banks rush to seek foreign capital”
October 11: VN-Index down nearly 5%v
Advertisements All indexes suffer major losses as global events take toll. Similar to what has been seen around the world, substantial selling shaved VND165 trillion ($7 billion) from Vietnam’s stock market and took indexes downwards on October 11. On HSX, the VN-Index closed at 945.89 points, down 48.07 points (4.84 per cent), while the VN30-IndexContinue reading “October 11: VN-Index down nearly 5%v”
Vietnam and Southeast Asian markets crumble after Wall Street rout
Advertisements Southeast Asian stock markets, including Vietnam plummeted on Thursday, joining a global equity rout after a selloff on Wall Street spooked investors. On Wednesday, Wall Street posted its biggest daily decline in eight months as concerns around rising debt yields and prospect of rising interest rates gripped equity markets worldwide. Over the past fewContinue reading “Vietnam and Southeast Asian markets crumble after Wall Street rout”
ASEAN Capital Market Regulators Launch Professional Mobility Framework, Social and Sustainability Bond Standards
Advertisements The ASEAN Capital Markets Forum (ACMF) met in Singapore today for the 2nd ASEAN Capital Market Conference 2018, launching two key initiatives to drive a more connected and sustainable ASEAN capital market: the ASEAN Social Bond Standards (ASEAN SBS) and the ASEAN Sustainability Bond Standards (ASEAN SUS). The ACMF also launched the ASEAN ProfessionalContinue reading “ASEAN Capital Market Regulators Launch Professional Mobility Framework, Social and Sustainability Bond Standards”
Made-in-Vietnam toys struggle for market share
Advertisements Vietnam’s toy products compete well with Chinese counterparts in quality and prices, but domestic manufacturers are weak at diversifying products and slow in launching new products. Le Quynh Hoa, an office worker in Hanoi, said she bought a Vietnamese-made decorative lantern for her daughter to play in the full-moon festival, rather than a ChineseContinue reading “Made-in-Vietnam toys struggle for market share”
Vietnam to remove ownership cap for foreign investors on listed companies
Advertisements Banking and aviation limits also expected to be raised, but not above 50% Vietnam plans to remove restrictions on foreign ownership of state-owned and listed companies by the end of 2019, as Hanoi looks to open its capital-hungry economy further in order to sustain rapid growth. The Finance Ministry is drafting an overhaul forContinue reading “Vietnam to remove ownership cap for foreign investors on listed companies”
Banks expect better business performance in 2018
Advertisements A majority of credit institutions in the country expect an upward trend in their business this year, according to a survey released on Monday by the State Bank of Việt Nam. Under the business sentiment survey conducted last month, which covered domestic and foreign commercial banks operating in the country, 88.3 per cent ofContinue reading “Banks expect better business performance in 2018”