Advertisements Auditor General of the State Audit Office of Vietnam (SAV) Ho Duc Phoc received the chairmanship of the Asian Organisation for Supreme Audit Institutions (ASOSAI) from Malaysia at the first plenary session of the 14th ASOSAI Assembly in Hanoi on September 19. The plenary session followed a ceremony to open the 14th ASOSAI AssemblyContinue reading “Vietnam’s Auditor General Ho Duc Phoc becomes ASOSAI Chairman”
Category Archives: Finance
Vietnam Banking Report 2018: Amidst earnings announcement, concerns about capital adequacy remain
Advertisements In the first half of 2018, the Vietnamese banking sector enjoyed VNĐ35.5 trillion (US$1.53billion) in net profit, equivalent to 64 per cent of the previous year. Thanks to improved financial efficiency, progress was made in tackling bad debt, effective digitisation and thriving bancassurance partnerships, while bank stocks have become more attractive again. By SeptemberContinue reading “Vietnam Banking Report 2018: Amidst earnings announcement, concerns about capital adequacy remain”
September 19: Indexes rising as global markets do well overnight
Advertisements Rises in stock markets around the world overnight and early this morning put Vietnam’s stock market in a positive mood in the morning session on September 19, with green spread throughout. According to a report by My Van on VNEconomictimes, the VN-Index increased to nearly 1,000 points but then eased as support from largeContinue reading “September 19: Indexes rising as global markets do well overnight”
Foreign investors rush to buy into Vietnamese businesses
Advertisements Nearly 5,000 deals involving foreigners buying into Vietnamese businesses have been reported so far this year, an increase of 50 percent compared with 2017. The Foreign Investment Agency’s (FIA) report shows increasingly high interest of foreign investors in Vietnamese businesses with $5.28 billion worth poured into businesses through 4,551 deals since the beginning ofContinue reading “Foreign investors rush to buy into Vietnamese businesses”
Is there a new battle for textbook market share?
Advertisements Conversations have heated up on Internet forums about Ho Ngoc Dai, the father of the ‘education technology’ program, who wrote a textbook for first graders. In 1978, Ho Ngoc Dai opened the Hanoi Experiment School. At that moment, Vietnamese linguists reviewed the 300-year research of phonetics and the document was brought to university toContinue reading “Is there a new battle for textbook market share?”
Rong Viet Securities joins Exotix Capital’s Global Network as Broker Partner in Vietnam
Advertisements Rong Viet Securities (VDSC), one of the leading full service brokerage houses in Vietnam, has partnered with Exotix Capital, the London-based developing markets investment bank, to offer investors premium access to investing in Vietnam’s capital markets. Paul Domjan, Global Head of Research, Analytics & Data at Exotix Capital, commented: “Rong Viet has a focusContinue reading “Rong Viet Securities joins Exotix Capital’s Global Network as Broker Partner in Vietnam”
September 17: VN-Index up less than a point
Advertisements Trade tensions cast shadow over stock market. The market moved slowly within a narrow range on the morning of September 17, due to renewed concerns about trade tensions and portfolio restructuring. The VN-Index ended the day up by less than one point. HSX saw 106 gainers and 163 decliners. Unusually, the VN-Index fluctuated separatelyContinue reading “September 17: VN-Index up less than a point”
VN-Index will break through 1000-point barrier?
Advertisements The VN-Index the key indicator of Vietnam stock market is forecast to extend its growth next week and conquer the 1000-point threshold, analysts said. The VN-Index on the HCM Stock Exchange closed Friday up 0.34 per cent at 991.34 points. The southern market rose 2.3 per cent for the week after five consecutive gainingContinue reading “VN-Index will break through 1000-point barrier?”
VDSC Weekly Market Recap: VRE, YEG, ACB
Advertisements The VNIndex has made a significant comeback, increasing nearly 12%, from its July 12th low of 884.75 points. We are now at 8bps away from the 1,000 threshold. For the week, the VNIndex increased 2.32% on relatively strong liquidity to close at 991.34 points. Foreign activity improved compared to the previous week, as theirContinue reading “VDSC Weekly Market Recap: VRE, YEG, ACB”
Banks’ liquidity unexpectedly getting tight
Advertisements Since the beginning of August, the interbank interest rates have stayed at high levels of 4.5-4.6 percent per annum for overnight, 1-week, 2-week and 1-month term loans, the highest rates since late 2016, Vietnamnet reported. Interest rate rising sharply The General Statistics Office’s (GSO) report shows that the total money supply (M2) in theContinue reading “Banks’ liquidity unexpectedly getting tight”
September 13: VN-Index up 0.10%
Advertisements VN30-Index again the only loser. Foreigners net bought strongly on September 13 after four sessions of net selling. On HSX, the VN-Index ended the day at 987.95 points, up 0.94 points (0.10 per cent), while the VN30-Index closed at 957.17 points, down 1.50 points (0.16 per cent). On HNX, the HNX-Index finished at 112.66Continue reading “September 13: VN-Index up 0.10%”
How will control of alcohol consumption affect Vietnam’s economy?
Advertisements The liquor and beer industry contributed VND50 trillion to the national economy in 2017, but the total damages to society might be up to 1.3-3.3 percent of GDP, equal to VND65 trillion. According to Vietnamnet, The World Health Organization (WHO) has sent a letter to Prime Minister Nguyen Xuan Phuc and Minister of HealthContinue reading “How will control of alcohol consumption affect Vietnam’s economy?”
Vietnam to bear long-term impact from US-China trade war: report
Advertisements Economists have expressed concern about the impact on Vietnam’s economy if the second US tariff package of $200 billion is ratified after September 6, saying that Vietnam’s GDP may decrease by 0.03 percent because of the trade war. The VCCI’s (Vietnam Chamber of Commerce and Industry) latest report on the US-China trade war saysContinue reading “Vietnam to bear long-term impact from US-China trade war: report”
Generali Vietnam launches new cancer protection product
Advertisements “VITA – La Chan Vang” (VITA – Golden Shield) helps customers secure peace of mind in being protected against all types of cancer. Generali Vietnam Life Insurance LLC has officially launched a new cancer insurance product called “VITA – La Chan Vang” (VITA – Golden Shield), which helps customers secure peace of mind inContinue reading “Generali Vietnam launches new cancer protection product”
September 11: VN-Index up 1.52%
Advertisements All main indexes close in positive territory. Foreign transactions were the highlight on September 11, with significant net buying. The VN-Index ended the day on HSX at 985.06 points, up 14.72 points (1.52 per cent), while the VN30-Index closed at 958.91 points, up 15.60 points (1.65 per cent). On HNX, the HNX-Index finished atContinue reading “September 11: VN-Index up 1.52%”