Archive for September 25th, 2018

Stock market briefs

25-Sep-2018 Intellasia | The Saigon Times | 6:00 AM

Vietcombank (VCB) will auction 45.6 million shares, equivalent to 3.69 percent of outstanding shares, of Eximbank (EIB) at the Hanoi Stock Exchange on October 22. The [...]
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State Securities Commission to increase quality of securities firms

25-Sep-2018 Intellasia | VNS-VNA | 6:00 AM

The State Securities Commission (SSC) will enhance the quality of securities firms by shutting down and revoking licences of financially-weak companies to ensure the sector [...]
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Foreign PE funds making a difference

25-Sep-2018 Intellasia | VN Economic Times | 6:00 AM

VET gathered opinions from foreign investors about Vietnam’s private equity (PE) market. Chris Freund, CEO of Mekong Capital Vietnam’s private equity market has [...]
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Korea’s SK to buy 9.5 per cent of Masan Group for $470m

25-Sep-2018 Intellasia | VNS | 6:00 AM

Masan Group Corporation on Wednesday announced that it has entered into agreements for a strategic partnership with SK Group to jointly pursue transformational business [...]
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Stocks set to consolidate this week

25-Sep-2018 Intellasia | The Saigon Times | 6:00 AM

After sharp rallies last week, local stocks are forecast to slide this week as the VN Index of the Hochiminh Stock needs to enter a consolidation phase before rising further. [...]
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Martech market approaches $100bn – and is growing

25-Sep-2018 Intellasia | 24-SEP-2018 ACN Newswire | WARC | 6:00 AM

- Moore Stephens &amp WARC&aposs report values the global martech market at $99.9 billion – Findings reveal a 44% increase year-on-year for UK and North [...]
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CITIC Telecom CPC X TutorABC Collaborating for New Milestone in Global Education Digitalization

25-Sep-2018 Intellasia | 24-SEP-2018 ACN Newswire | CITIC Telecom International CPC Limited | 6:00 AM

TutorABC is recognized as Information Visionary in the IDC Digital Transformation Awards 2018, achieving a new milestone in online interactive learning market with ICT leader [...]
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Better, universal payment system needed for public transit: experts

25-Sep-2018 Intellasia | VNS-VNA | 6:00 AM

A contactless payment system for public transport in HCM City could save costs and increase customer satisfaction, experts said at a conference on modern payments systems for [...]
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Discuss on overseas remittances and beliefs

25-Sep-2018 Intellasia | Thoi Bao Ngan Hang | 6:00 AM

A piece of very interesting news released this week is that Vietnam is among the top 10 countries receiving the most overseas remittances in the world, with about 2.5 percent [...]
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Vietnam to set foreign ownership limit in fintech sector

25-Sep-2018 Intellasia | Hanoi Times | 6:00 AM

The central bank has proposed issuing detailed regulations on foreign shareholding limit in the country’s fintech firms to better manage the nascent financial services [...]
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Fear of risks, consumer credit cools down

25-Sep-2018 Intellasia | InfoMoney | 6:00 AM

Instead of ignoring lending risks, applying extremely high interest rates to earn profit as before, many financial companies start to cool down credit growth, tightening [...]
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VND interbank rates drop for three consecutive weeks

25-Sep-2018 Intellasia | VnEconomy | 6:00 AM

After declining significantly in the last week, the dong interest rates on the interbank market continued to decline to the lowest levels in the recent three weeks. On [...]
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Credit in the peak season, interest rates start to rise

25-Sep-2018 Intellasia | Dau tu Chung khoan | 6:00 AM

Demand for fund is usually high during the peak season. This is one of the reasons that banks are racing to mobilise deposits to ensure good liquidity and meet the demand for [...]
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Banks collect around $2.5 billion bad debts in first six months

25-Sep-2018 Intellasia | Vietnamnet | 6:00 AM

According to the Central Bank of Vietnam, in first six months of the year, commercial banks have collected VND58,800 billion ($2.5 billion). From end of 2017 to now, the [...]
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Military Bank joins SWIFTGlobal Payments Innovation Initiative

25-Sep-2018 Intellasia | VNA | 6:00 AM

The Military Commercial Joint Stock Bank (MB) recently launched the SWIFT Global Payments Innovation Initiative (GPI) project. SWIFT GPI, which went live in January 2017, [...]
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