Advertisements Bank for Foreign Trade of Vietnam (Vietcombank, HSX: VCB) continued its impressive performance in the first quarter of 2018, posting pre-tax profit record high of more than 4.3 trillion VND (189.4 million USD). Vietnam News Agency reported. According to the accumulated financial report of Vietcombank, which had posted a record pre-tax profit of more than 11Continue reading “Vietcombank breaks its earning record of all time”
Category Archives: Finance
Vietnam market is still very potential with Japanese Investors
Advertisements Japanese FDI inflow to Vietnam in 1Q/2018 is lower than South Korea and Singapore, but Mr. Mochizuki Masashi – Senior Director of Japanese Customers, who has more than 24 years of experience working at Sumitomo Mitsui Banking Corporation, says that it is too early to compare FDI in 2018 between countries investing in Vietnam. “WeContinue reading “Vietnam market is still very potential with Japanese Investors”
Vietnam Stock Market Set to Be World’s Worst in April
Advertisements There is a lot of foreign selling today: Viet Capital’s Tosto Declines have wiped out $15 billion from nation’s stock market Vietnam stock market, which has been mentioned as the Asia’s top stock market this year is about to become the world’s worst performer this month. Bloomberg News reported. Vietnam’s Ho Chi Minh Stock IndexContinue reading “Vietnam Stock Market Set to Be World’s Worst in April”
Growing Market Potential of Fintech in Vietnam
Advertisements According to a recent study titled “ASEAN FinTech Census 2018” by Ernst & Young (EY), Vietnam currently ranks second amongst ASEAN member states in the number of incubators, accelerators, and innovation labs in the region. Singapore leads the rankings with 52 incubators, accelerators, and innovation labs, followed by Vietnam at 24. Vietnam’s fintech industryContinue reading “Growing Market Potential of Fintech in Vietnam”
Vietnam stock plunge to be short-lived, analysts say
Advertisements A sharp plunge in Vietnam’s stock market over the past two weeks is primarily due to investors taking profits after a massive rally and the correction will therefore be short-lived, analysts said. The Vietnam index’s near 15% plunge from record highs hit on April 10 has come against the backdrop of a retreat inContinue reading “Vietnam stock plunge to be short-lived, analysts say”
400 Agribank debit accounts hacked in Vietnam
Advertisements About 400 Agribank debit accounts were hacked on Wednesday night, allowing criminals to withdraw money from the compromised accounts through ATM machines without the cardholders’ consent, the Vietnamese lender confirmed on Thursday. The bank has yet to release the total amount stolen in the heist. According to N.T.M.H., one of the victims, the financialContinue reading “400 Agribank debit accounts hacked in Vietnam”
Smart Money stays on Vietnamese growth
Advertisements Vietnam’s Gross Domestic Product (GDP) expanded by 6.81 per cent in 2017, marking its highest growth rate in a decade. The country continues to storm ahead this year, with the economy growing by 7.38 per cent in the first quarter – one of the fastest rates in Asia – and total growth is expectedContinue reading “Smart Money stays on Vietnamese growth”
Investors excited by Vietnam
Advertisements Vietnamese stocks have produced the best gains in Asia so far this year, says John Reed in the Financial Times, with the benchmark VN Index up 17%. A flurry of flotations has helped drum up excitement, but investors have also been enticed by Vietnam’s ‘mini-China’ story”. It’s a communist state embracing the market andContinue reading “Investors excited by Vietnam”
Stock market: Shares fall on selling pressure
Advertisements Shares traded lower on Thursday as selling pressure continued to press on blue chips, especially in the banking and finance sectors. VPB and CTG reduced to the floor price after the afternoon session closed. The benchmark VN Index on HCM Stock Exchange went down to 1,044.86 points, lost -35.88, equivalent to -3.32%. The stockContinue reading “Stock market: Shares fall on selling pressure”
Key stocks rebound, fueling VN-Index’s recovery
Advertisements The stock market regained calm on April 24 after a nosedive on the previous day to end at 1,080 points thanks to the recovery of key stocks. On the Ho Chi Minh Stock Exchange (HOSE), selling pressure still dominated the market at the beginning of the trading session, pulling the VN-Index down to 1,049Continue reading “Key stocks rebound, fueling VN-Index’s recovery”
Asia’s Top Stock Market Is Having Its Worst Month in Two Years
Advertisements Nation’s gauge has surged 130 percent from 2016 low to April Samsung’s Richardson says currency pressures not priced in Asia’s best performing stock market is having its worst month in more than two years, with a $14 billion loss in the value of Vietnam’s equities since April 6’s record high. Alan Richardson, portfolio managerContinue reading “Asia’s Top Stock Market Is Having Its Worst Month in Two Years”
Public Bank to open six new branches in Vietnam
Advertisements Public Bank Vietnam Ltd (PBVN), a wholly-owned unit of Public Bank Bhd, plans to open another six branches in Vietnam this year, expanding its footprint to 19. Public Bank group managing director/chief executive officer, Tan Sri Tay Ah Lek, said PBVN increased the number of its branches to 13 last year, from seven inContinue reading “Public Bank to open six new branches in Vietnam”
With bigger paycheck in sight, millennials lead job hopping trend in Vietnam
Advertisements As Vietnam’s private sector is booming, millennials refuse to settle for an OK job. They want more. Since starting her first job as a copywriter in communications agency Youth Media nearly three years ago, Bui Quynh Trang has switched jobs three times. She has been working as a freelance videographer for about eight monthsContinue reading “With bigger paycheck in sight, millennials lead job hopping trend in Vietnam”
Vietnam plunges nearly 4% to 2-month low
Advertisements Vietnam stocks plummeted nearly 4% on Monday, extending a market rout after a near 7% decline over the last two weeks, while most other stock markets in the region slipped as US bond yields rose to a multi-year peak. The Vietnam index, the only double-digit percentage gainer in Southeast Asia this year as ofContinue reading “Vietnam plunges nearly 4% to 2-month low”
HDBank stands tall as one of the nation’s most profitable banks
Advertisements The 2018 annual general shareholders’ meeting of Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) was concluded successfully with a shareholder turnout of 85.6 per cent. All submissions of the board of directors were passed with high approval rates. 2017 witnessed the bold transformation of HDBank on the back of a successfulContinue reading “HDBank stands tall as one of the nation’s most profitable banks”