Category: Finance
Vietnam central bank predicted to keep VND stable amid CNY devaluation
The USD/VND exchange rate as of late July was almost unchanged from the end of last year, so the central bank still has “room” to manage against the CNY’s [...]
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Bank credit limit extension can lead to the market suspicion
Previously, as reported, according to VnEconomy statistics on 25 joint-stock commercial banks in the first six months, many banks had a strong growth of loans. Specifically, [...]
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International pressure increases on the exchange rate
Weekly monetary market report published by SSI Securities Research and Advisory Group, said the sentiment was positive when receiving positive US economic news and waiting [...]
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Government bond interest rates plummet at all terms
Although bond interest rates fell sharply at all terms, the number of government bonds mobilised amounted to more than 32 trillion dong in July. Specifically, according to [...]
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Moody’s assigns first-time rating for SHB Finance
Moody’s Investors Services on August 5 assigned a first-time long-term issuer rating of B3 to SHB Finance Co., Ltd, with stable entity-level rating outlook. The [...]
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Reference exchange rate up 2 VND on August 7
The daily reference exchange rate was set at 23,117 VND per USD on August 7, up 2 VND from August 6. With the current trading band of +/- 3 percent, the ceiling rate applied [...]
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Reference exchange rate continues going up on August 6
The daily reference exchange rate was set at 23,115 VND per USD on August 6, up 15 VND from August 5. With the current trading band of +/- 3 percent, the ceiling rate applied [...]
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Insurance stocks fail to attract individual investors
Most insurance stocks have underperformed despite a positive outlook for the Vietnamese insurance sector. Ten insurance companies are trading on the Vietnamese stock market [...]
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Banks’ listing: no way back
Under the new policy, banks must list shares on the stock market by the end of 2020. Thus, they have less than one year and a half to carry out this task. On July 30th 2019, [...]
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Bancassurance of non-life insurance businesses turns difficult
In the past three years, the insurance market recorded a boom of bancassurance channel. However, it is followed by difficulties that need to be dealt with, especially for [...]
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Banks absorb deposits not only by interest rates
If what depositors cared about previously was interest rates, these days, commercial banks have many other ways to attract the idle money from the population. Considered the [...]
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Banks jointly issue bonds with a total value of over 42tr dong
According to MB Securities Joint Stock Company (MBS), in the first seven months of this year, the banking industry led the way in terms of corporate bonds issued. [...]
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Bad debts on the rise in H1 2019
Though many banks have posted positive profits in the first half of 2019, their bad debts have continually increased in the wake of high credit growth in risky business [...]
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State Treasury set to go digital: officials
The State Treasury of Vietnam is looking to become a digital treasury by 2030, with the ability to offer value-added services, such as budget compliance reports, announced [...]
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The credit door still wide open
Although many banks are at risk in the last months of this year if the credit threshold is not extended, many experts say businesses should not be too concerned about this. [...]
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