Advertisements Two foreign banks have invested VND7 trillion in Vingroup, owned by the dollar billionaire Pham Nhat Vuong, amid the enterprise’s daring moves and new records made in the Vietnam’s stock market. More stories at Vietnam Insider’s homepage. The Vietnam Securities Depository Center (VSD) reported that Vinpearl JSC has completed the transfer of 57.6 millionContinue reading “Foreigner investors pour VND7 trillion into Vingroup’s stock”
Category Archives: Finance
The VN-Index lost 56 points yesterday, not the system fauth
Advertisements System errors are not to blame for the markets’ steep fall on Tuesday, the Ho Chi Minh Stock Exchange has said, while analysts attributed it to panic selling. More stories at Vietnam Insider’s homepage. The VN-Index’s 56-point fall to 1,355, its lowest level in over three weeks, following strong selling pressure in the lastContinue reading “The VN-Index lost 56 points yesterday, not the system fauth”
Stocks kick off July by hitting fresh peak
Advertisements The VN-Index started July on a positive note, gaining six tenths of a percent on Thursday to close at a new all-time high of 1,417.08 as trading turnover on HOSE jumped to USD1.13bn — the highest level since June 9. VPB (+4.0%) was the day’s top contributing gainer. In addition, fellow bank HDB (+2.7%)Continue reading “Stocks kick off July by hitting fresh peak”
Garment firms with more orders face labor shortage
Advertisements Visit Vietnam Insider’s homepage for more stories Many garment and textile producers have received more orders in the first half of this year, but a labor shortage has prompted calls for prioritized vaccination of workers. Most garment and textile enterprises have received orders for production till the end of this year. Over the pastContinue reading “Garment firms with more orders face labor shortage”
How Vietnam H1 GDP growth tripled despite Covid-19 pandemic
Advertisements Visit Vietnam Insider’s homepage for more stories Experts are confounded, but officials are not very surprised that Vietnam managed to record a high GDP growth in the first six months. The say the two main factors in this growth surge are: the low base level last year and an impressive recovery in manufacturing. TheContinue reading “How Vietnam H1 GDP growth tripled despite Covid-19 pandemic”
VN-Index drops as foreign investor net purchases surge
Advertisements Visit Vietnam Insider’s homepage for more stories Vietnam’s benchmark VN-Index dipped 0.11 percent to 1,408.55 points Wednesday but with foreign investors net buying value the highest in nearly three months. The index remained in the green throughout the day but strong selling pressure in the last hour of trading brough it down nearly 1.5Continue reading “VN-Index drops as foreign investor net purchases surge”
Vietnam will be studying and trialing the use of digital currency
The State Bank of Vietnam will be in charge of studying and trialing the use of virtual money from this year until 2023 as part of key objects in mastering core technologies, according to a government decision.
Banks dominate top 10 best companies report
Advertisements Banks have been a strong pillar in the growth of Vietnam’s stock market during recent months. Visit Vietnam Insider’s homepage for more stories Vietnamese banks dominated the top 10 most trustworthy and effective listed companies in a recent report with six entities. Ranking third to ninth, the banks are Vietcombank, ACB, VPBank, VIB, MBBankContinue reading “Banks dominate top 10 best companies report”
Covid hotspot Bac Giang to resume industrial operations, but hurdles loom
Advertisements Visit Vietnam Insider’s homepage for more stories An addition of nearly 400 firms in the northern province of Bac Giang are set to resume operations on July 1, but they face certain obstacles. They have to turn part of their factories into dining and accommodation areas for workers besides accommodation outside their premises toContinue reading “Covid hotspot Bac Giang to resume industrial operations, but hurdles loom”
VN-Index breaks into 1,400 range
Advertisements Visit Vietnam Insider’s homepage for more stories Vietnam’s benchmark VN-Index on Tuesday closed for the first time at 1,405.81 points with a 1.13 percent increase fueled by Vinhomes, Hoa Phat Group and Techcombank tickers. The index stayed in the green throughout the day and closed with a near 16-point gain, the highest of theContinue reading “VN-Index breaks into 1,400 range”
VN-Index continuously sets new peaks, reaching 1400 points today
Advertisements The stock market in the first session of the week on June 28 rebounded strongly, the VN-Index officially surpassed the “dream” mark of 1,400 points to the surprise of many investors. More stories at Vietnam Insider’s homepage. Leading the gaining momentum and being the main force pulling the market was banking codes. This morning,Continue reading “VN-Index continuously sets new peaks, reaching 1400 points today”
UOB forecasts Vietnam’s 2021 GDP growth at 6.7% despite COVID-19
Advertisements Visit Vietnam Insider’s homepage for more stories Singapore-based United Overseas Bank (UOB) has forecast that Vietnam’s gross domestic product (GDP) growth rate would rebound to 6.7 percent in 2021 from 2.9 percent in 2020, regardless of the impacts of the COVID-19 pandemic. The forecast was released in the UOB’s projection issued on Friday forContinue reading “UOB forecasts Vietnam’s 2021 GDP growth at 6.7% despite COVID-19”
VN-Index reaches new peak
Advertisements Visit Vietnam Insider’s homepage for more stories Vietnam’s benchmark VN-Index rose 0.75 percent to 1390.12 points Friday, a new peak, with foreign investors being net sellers for the fourth consecutive session. The index started to surge in the last hour of trading and closed with a 10-point gain, the highest of the past fiveContinue reading “VN-Index reaches new peak”
Vietnam attracts over 15 billion USD of FDI in first half of 2021
Advertisements Visit Vietnam Insider’s homepage for more stories Foreign investors have poured 15.27 billion USD of investment in Vietnam so far this year, equivalent to 97.4 percent of the amount recorded in the same period last year, according to the Ministry of Planning and Investment (MPI). The ministry reported that as of June 20, 9.55Continue reading “Vietnam attracts over 15 billion USD of FDI in first half of 2021”
VN-Index misses 1,380-point range
Advertisements Visit Vietnam Insider’s homepage for more stories Vietnam’s benchmark VN-Index failed to secure a place in the 1,380-point range with a 0.22 percent drop to 1,376.87 points Wednesday as most blue-chips ended in the red. The index shot up to 1,385 points in the morning but quickly fell to close with a 3-point drop.Continue reading “VN-Index misses 1,380-point range”