Advertisements Strong growth in telephone and textile exports helped Vietnam post a $2.2 billion trade surplus in August, according to customs data released on Monday that completely confounded the government’s estimate of a $100 million deficit for the month. According to a report by Mai Nguyen on Reuters, the August surplus even surpassed Vietnam’s $2.1-billionContinue reading “August, 2018: Vietnam posts surprise $2.2 bln trade surplus”
Category Archives: Finance
September 10: VN-Index up 0.15%
Advertisements Ups and downs on both HSX and HNX. Positives on the stock market on September 10 included the VN-Index gaining slightly and foreigners continuing to net buy. The VN-Index ended the day on HSX at 970.34 points, up 1.44 points (0.15 per cent), while the VN30-Index closed at 943.31 points, down 2.28 points (0.24Continue reading “September 10: VN-Index up 0.15%”
Welcome Marc, Our New Contributing Writer, Advisor
Advertisements The respected Contributing Writer, Advisor joins the Vietnam Insider to help us tell important stories about enterprise, finance, stock market and other essential topics. The Vietnam Insider’s readership keeps growing, and now so is our contributors. Marc joins the Vietnam Insider team this week as our new Contributing Writer, Advisor. We’re excited to have him onContinue reading “Welcome Marc, Our New Contributing Writer, Advisor”
Gains on both bourses as liquidity rises, VN-Index up 1.12%
Advertisements The market become more active towards the end of the day on September 7. Banking, insurance, and securities attracted the highest money flows, with breakout stocks including BVH, ACB, BID, CTG, MBB, VCB, HCM, SSI and VND. Real estate and construction stocks such as NVL, NLG, PC1, DXG, LDG, HBC, HAR and FCN alsoContinue reading “Gains on both bourses as liquidity rises, VN-Index up 1.12%”
WEF on ASEAN 2018 through figures
Advertisements The World Economic Forum on ASEAN (WEF ASEAN) is one of the largest multilateral diplomatic events hosted by Vietnam this year, according to Deputy Foreign Minister Bui Thanh Son. The WEF ASEAN, scheduled to take place in Hanoi from September 11 to 13, is expected to receive high-ranking government representatives, nearly 1,000 executives ofContinue reading “WEF on ASEAN 2018 through figures”
Stock market fluctuates – VN-Index down on low liquidity
Advertisements Selling pressure eased on the morning of September 6 after three sessions of aggressive selling, but cash flows were not strong and the market fluctuated on this low liquidity. The VN-Index ended the morning session down just 0.08 per cent with 122 shares increasing and 142 decreasing. It hit its bottom, down 0.37 perContinue reading “Stock market fluctuates – VN-Index down on low liquidity”
Few bank stock options for foreigners
Advertisements Although Vietnamese bank stocks appear to have a bright future, foreign investors may find it difficult to join the parade due to a lack of progress on foreign ownership and corporate governance. Hot stocks The ups and downs of bank stocks tend to be closely monitored by investors and analysts in Vietnam, as theseContinue reading “Few bank stock options for foreigners”
Will VND lose 3 percent of its value in 2018?
Advertisements The depreciation of the Chinese yuan against the dollar has raised concerns that Vietnam’s goods will become less competitive in comparison with Chinese goods if Vietnam does not devalue its currency. Yuan depreciates According to Vietnamnet, since mid-April, the yuan has depreciated sharply as a result of the withdrawal of foreign capital from emergingContinue reading “Will VND lose 3 percent of its value in 2018?”
VN-Index down in morning trade
Advertisements As of September 05, HSX had 171 losers and 99 gainers in the morning session on August 5, with the VN-Index closing down 1.23 points (0.13 per cent) to 974.71 points. Total trade was over 80 million units worth VND1.8 trillion ($77.3 million), down 13.62 per cent in volume but up 1.21 per centContinue reading “VN-Index down in morning trade”
VIB finances nearly $300 million for SME transactions
Advertisements Vietnam International Commercial Joint Stock Bank, also known as VIB, has been named the leading SME Trade Bank by the Asian Development Bank (ADB), thanks to its $276 million trade financing during the year ending on June 30, 2018. At the TFP Awards and Partners Dinner which was held on September 4 in theContinue reading “VIB finances nearly $300 million for SME transactions”
US $300 million for SMEs in Vietnam financed by VIB
Advertisements Vietnam International Bank (VIB), has just become the only bank in Vietnam named by Asian Development Bank (ADB) as the Leading SME Trade Bank thanks to VIB’s trade financing nearly US$ 300 million in one year period ending June 30, 2018. At the TFP Awards and Partners Dinner which was held on September 4,Continue reading “US $300 million for SMEs in Vietnam financed by VIB”
Serious correction worries, stocks declined
Advertisements Vietnamese shares ended lower on Tuesday as investors showed caution over possibilities of a strong market’s correction after it had failed to beat the 1,000-point landmark. According to a report on VNS, The benchmark VN Index on the HCM Stock Exchange lost 1.37 per cent to close at 975.94 points. The southern market indexContinue reading “Serious correction worries, stocks declined”
Shinhan to bolster consumer financing in Vietnam
Advertisements Shinhan Financial Group is strengthening its non-banking sector in Vietnam, laying the groundwork to become a comprehensive financial group in the Southeast Asian country. According to Shinhan Financial Group, Shinhan Card decided to give 216.4 billion won ($195.1 million) in credit to Prudential Vietnam Financial Company (PVFC), its capital subsidiary in the country. JhooContinue reading “Shinhan to bolster consumer financing in Vietnam”
Heavyweight stocks dent market
Advertisements Shares declined on Friday on both national stock exchanges before the National Independence Day Holiday, led by heavyweight stocks. The VN-Index on the Ho Chi Minh Stock Exchange started to slide in the early afternoon session after surpassing the 1,000-point mark in the morning. It closed down 0.85 per cent at 989.54 points. EndingContinue reading “Heavyweight stocks dent market”
Banks upbeat about reaching full-year profit targets
Advertisements Banks are confident in reaching their full-year profit targets albeit the central bank is unlikely to loosen banks’ credit growth limit in the second half. Apart from several banks that have downwardly revised their full-year profit targets as they are approaching the credit growth limit, many other banks insist on retaining their profit targetsContinue reading “Banks upbeat about reaching full-year profit targets”