Advertisements HNX30 and UPCoM the only gainers. Trade on September 25 again saw positive signs among foreign investors. On HSX, the VN-Index closed at 1,010.74 points, down 0.55 points (0.05 per cent), while the VN30-Index closed at 984.11 points, down 0.48 points (0.05 per cent). On HNX, the HNX-Index finished at 115.52 points, down 0.07Continue reading “September 25: VN-Index down 0.05%”
Category Archives: Finance
Vietnam active in smart cities
Advertisements A white paper recently published by Asia-focused management consulting firm Solidiance highlights key initiatives taken by Vietnam to develop smart cities in Ho Chi Minh City and Hanoi. A smart city is generally defined as a city that leverages technology to manage and enhance quality of life, improve services, and use energy resources efficiently.Continue reading “Vietnam active in smart cities”
SBV refuses to lift credit growth ceiling, but banks remain optimistic
Advertisements The State Bank of Vietnam (SBV) may not approve the commercial banks’ proposal on lifting the credit growth rate ceiling, but banks still believe they will be able to fulfill their yearly business plans. SBV’s standpoint on the credit growth ceiling is clear: it will not grant more credit ‘quotas’ to banks unless thisContinue reading “SBV refuses to lift credit growth ceiling, but banks remain optimistic”
Investors eye land plots in HCMC’s neighboring areas
Advertisements Can Gio district in HCMC and Nhon Trach in Dong Nai province have become new destinations for many investors, thanks to infrastructure development in the areas. The real estate developer community was stirred up in early August by the news that Dong Nai People’s Committee proposed replacing the HCMC People’s Committee to call forContinue reading “Investors eye land plots in HCMC’s neighboring areas”
Petrol price increased by VND320 per litre
Advertisements The retail price of bio-fuel E5 RON 92 rose VND320 to VND20,231 (US$0.87) per litre at 3pm Friday due to rising global prices, the ministries of Industry and Trade and Finance announced. The price of RON 95 also rose by VND293 to VND21,770 per litre, while the prices of diesel and kerosene went up by VND57Continue reading “Petrol price increased by VND320 per litre”
Ha Noi’s lucrative property market attracts foreigners
Advertisements Hà Nội expects to attract more foreign buyers on its real estate market as a rising number of foreign experts and entrepreneurs are working in the capital city. Statistics show that more than 82,000 foreigners live and work in Việt Nam, and a large number of them are in Hà Nội from South Korea,Continue reading “Ha Noi’s lucrative property market attracts foreigners”
VN stocks mixed, liquidity rises
Advertisements Vietnamese shares were mixed on Friday with the benchmark VN-Index falling as exchange-traded funds (ETFs) completed their quarterly portfolio reviews. The VN-Index on the HCM Stock Exchange edged down 0.18 per cent to finish this week at 1,002.97 points, marking weekly growth of 1.17 per cent. The HNX Index on the Hà Nội StockContinue reading “VN stocks mixed, liquidity rises”
Traders Fair & Gala night Vietnam 2018
Advertisements Stocks, Forex, cryptocurrency, futures&options – Fantastic show like nowhere! Timing: November 24, 2018 Location: Ho Chi Minh, Vietnam (Windsor Plaza Hotel, Saigon) Traders Fair & Gala night – financial event for traders and investors, which is going to take place in Vietnam on the 24th of November 2018 (Windsor Plaza Hotel, Saigon). The bestContinue reading “Traders Fair & Gala night Vietnam 2018”
Vietcombank secures approval to increase charter capital by 10%
Advertisements Vietnam’s largest lender by market value Vietcombank (VCB) has secured the approval to increase its charter capital – or capital structure of a shareholding company – by 10 per cent under the private placement plan, according to an announcement by the State Bank of Vietnam (SBV) on September 19. Under this decision, Vietcombank isContinue reading “Vietcombank secures approval to increase charter capital by 10%”
British university funded by M’sian bank in Vietnam opens doors
Advertisements EXPORT-Import Bank of Malaysia (Exim Bank) witnessed the official opening ceremony of British University Vietnam (BUV) Ecopark Campus which the bank financed under its Overseas Project Financing Facility. Vietnamese Education and Training Minister Phung Xuan Nha officiated at the event which was attended by officials from the Vietnam government, BUV board members and EximContinue reading “British university funded by M’sian bank in Vietnam opens doors”
VDSC Weekly Market Recap: LTG, VNM, VHC, GMD, PVD, KSB, MWG
Advertisements Though it feels good be back above the 1,000 mark on improved liquidity, I also feel we are seeing some market complacency regarding the escalation of the trade war between the US and China. The tariffs that were announced by both sides during the week come into effect next Monday (24 September). Looking atContinue reading “VDSC Weekly Market Recap: LTG, VNM, VHC, GMD, PVD, KSB, MWG”
Techcombank named “The Best Bank in Vietnam 2018” by Euromoney
Advertisements The well-known financial publication Euromoney recently announced their “Awards for Excellence 2018”. The event attracted the participation of financial institutions from nearly 100 countries worldwide. Techcombank was the recipient of the award for the “Best Bank in Vietnam 2018.” According to Euromoney, Techcombank earned the “The Best Bank in Vietnam 2018” award as aContinue reading “Techcombank named “The Best Bank in Vietnam 2018” by Euromoney”
Vietnam’s sugar industry in the worst slump of the last 15 years
Advertisements With profits down and inventory up, sugar companies are in their most difficult period of the last 15 years. June was the end of the 2017-2018 fiscal year of many sugar companies. The finance reports released so far all showed that they experienced a tough time, Vietnamnet reported. Lam Son Sugar (LSS) reported lossesContinue reading “Vietnam’s sugar industry in the worst slump of the last 15 years”
Small banks trigger a new interest rate race
Advertisements A number of banks have rushed to raise the deposit interest rates in the last two months. The record interest rate increases are feared to have a negative impact on the market. Most banks have raised the deposit interest rates by 0.2-0.4 percent per annum applied to long term deposits. However, the increases areContinue reading “Small banks trigger a new interest rate race”
VN-Index back over 1,000 points
Advertisements Index up 0.92% as all main indexes close in positive territory. The VN-Index broke through the 1,000-point mark for the first time in more than three months on September 20. On HSX, the VN-Index ended the day at 1,004.74 points, up 9.20 points (0.92 per cent), while the VN30-Index closed at 971.18 points, upContinue reading “VN-Index back over 1,000 points”