Advertisements Many M&A deals have been reported recently which target fintechs operating in the field of payment services. Big investors are behind the deals. Two members of Grab Vietnam have joined the board of directors of Moca, one of the fintechs which provide services as a payment intermediary. The business registration certificate of Moca showsContinue reading “Payment fintechs hunted by big investors”
Category Archives: Finance
Vietnamese Representative to attend World Federation of Exchanges Annual Meeting
Advertisements The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, and Athens Stock Exchange, today rang the opening bell at the exchange to formally launch the WFE’s General Assembly & Annual Meeting (2-4 October, Athens). Athens Stock Exchange is hosting the event, which will see more than 300 delegates gatherContinue reading “Vietnamese Representative to attend World Federation of Exchanges Annual Meeting”
Top Fin-tech Influencers in Vietnam You Have to Know
Advertisements In the last five years, Vietnam has witnessed the establishment of over 40 new fin-tech companies, such as online payment platforms Moca or MoMo, as well as the country’s first digital banking platform Timo, highlighting Vietnam’s nascent yet rapidly growing fin-tech industry. Experts have pointed out the huge potential of fin-tech in Vietnam, citing the country’s large population ofContinue reading “Top Fin-tech Influencers in Vietnam You Have to Know”
Vietnam to deal with problem banks
Advertisements The country is still recovering from – and reacting to – the banking crisis of 2012. Over the last six years, the central bank has done much to put the sector back on its feet. But are the banks good enough, or should they be doing more? Dozens of bankers and company officials inContinue reading “Vietnam to deal with problem banks”
FTSE Russell puts Vietnam on watchlist for reclassification
Advertisements The London-based financial and business information firm FTSE Russell has recently announced that it added Viet Nam, currently classified as a Frontier market, to the watch list for possible reclassification as Secondary Emerging. This information has had positive impacts on the stock market in Vietnam. Ending the trading session on September 27, VNIndex increasedContinue reading “FTSE Russell puts Vietnam on watchlist for reclassification”
Property sector calls for rethink on bank loans
Advertisements The new restriction on banks of using only 40 per cent of their short-term deposits for long and medium-term loans should not take effect next year, the HCM City Real Estate Association has said. In a document to the Government and the State Bank of Viet Nam, HoREA said: “It is not necessary, itContinue reading “Property sector calls for rethink on bank loans”
October 1: VN-Index attracts cash flow
Advertisements First session of new month sees gains all round. The first trading session of the new month saw the VN-Index up by more than 6 points at one stage. The morning’s uptrend, however, did not spread throughout the market. Oil and gas stocks such as PVS, PVD, PVB, and PVC continued to attract goodContinue reading “October 1: VN-Index attracts cash flow”
Shares likely maintain uptrend
Advertisements Vietnamese shares are expected to continue rising this week, propped up by a string of positive news for the market and domestic economy. The benchmark VN-Index increased for a third week with growth of 1.4 per cent last week, ending Friday at 1,017.13 points on the Hồ Chí Minh Stock Exchange (HOSE). It wasContinue reading “Shares likely maintain uptrend”
Fed rate hike won’t have much impact on Vietnam
Advertisements The US Federal Reserve (Fed)’s third interest rate hike this week would not affect Việt Nam’s economy significantly as the move was foreseeable, according to experts. Fed policymakers on Wednesday lifted the benchmark overnight lending rate by a quarter of a percentage point to a range of 2 per cent to 2.25 per cent.Continue reading “Fed rate hike won’t have much impact on Vietnam”
VDSC Weekly Market Recap: FTSE watch list inclusion, highest GDP growth since 2011, LTG, QNS, VJC, HAH, LTG, coverage list
Advertisements Stocks continued to rise on the last trading day of September, cementing a positive third quarter. Investors faced a number of global hurdles in the third quarter which impacted on Vietnamese equities. These included rising rates in the US and the trade tensions between China and the US. Nevertheless, the VNIndex managed to increaseContinue reading “VDSC Weekly Market Recap: FTSE watch list inclusion, highest GDP growth since 2011, LTG, QNS, VJC, HAH, LTG, coverage list”
Retail Banking strategic view to be discussed at Emerging Vietnam 2018
Advertisements Emerging Vietnam 2018 is a special business conference, organized by Ho Chi Minh City Securities (HSC), taking place in HCMC on September 27-28, 2018. The conference aims to connect Vietnam’s leading companies with the international investment community. There are over 40 leaders of Vietnam’s top companies, such as Ho Van Long, D. CEO of VietnamContinue reading “Retail Banking strategic view to be discussed at Emerging Vietnam 2018”
September 27: VN-Index up 0.57%
Advertisements Strong afternoon session sees Index close higher. The afternoon session on September 27 was quite positive, and while rising momentum was not explosive money flowed to many groups. PVD, PVS, PVX, PXS, PVT, GAS, and BSR and many others closed at their highest levels, with PVD hitting its ceiling. SSI, HCM, SHS, VND, CTS,Continue reading “September 27: VN-Index up 0.57%”
Fitch: Vietnam Banks Showing Improving Trends but Challenges Remain
Advertisements Fitch Ratings just released Vietnamese Banks Report Card 1H18 According to its press release on September 26, 2018, Fitch Ratings expects its rated Vietnamese banks to sustain their improving operating trends in 2H18, on the heels of better credit quality and profitability, and broadly stable funding and liquidity in 1H18. Fitch Ratings expects theseContinue reading “Fitch: Vietnam Banks Showing Improving Trends but Challenges Remain”
Top 3 Vietnamese banks struggle to increase capital to meet global adequacy norms
Advertisements Three top Vietnamese banks have been struggling to increase their capital to meet international adequacy norms. The second Basel Accords, or Basel II, prescribe capital of 8 percent of risk-weighted assets for all financial institutions, including in Vietnam, to cover operational risks. The National Financial Supervisory Commission found that Vietnamese banks need to increaseContinue reading “Top 3 Vietnamese banks struggle to increase capital to meet global adequacy norms”
Where has the money gone after landmark stock issuances?
Advertisements While M&A is a popular strategy to mobilise capital, the outcomes of these deals get far less attention a couple of years down the road. Khac Lam delves into the most eminent cases in the Vietnamese stock market. DNP: Continuously engaging into M&As of water and plastic sector companies Dong Nai Plastic JSC (tickerContinue reading “Where has the money gone after landmark stock issuances?”