Archive for February 27th, 2019

VN Index climbs, nearing 1,000 points

27-Feb-2019 Intellasia | VNS | 6:00 AM

Vietnamese shares advanced on Monday with positive investor confidence in global market moves, but strong selling pressure could be a challenge in the coming days. The [...]
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Stock market briefs

27-Feb-2019 Intellasia | The Saigon Times | 6:00 AM

Mobile World Investment Group (MWG) has decided to inject VND1 trillion into Bach Hoa Xanh grocery store chain in the first quarter of 2019. Bach Hoa Xanh has been expanding [...]
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VN Index fails to beat 1,000 points

27-Feb-2019 Intellasia | The Saigon Times | 6:00 AM

Local stocks advanced for the sixth session in a row today, February 25, but the VN Index of the Hochiminh Stock Exchange still failed to beat the 1,000-point mark due to a [...]
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Hong Kong International Diamond, Gem & Pearl Show opens

27-Feb-2019 Intellasia | 26-FEB-2019 ACN Newswire | HKTDC | 6:00 AM

LegCo president Andrew Leung officiates at today&aposs opening ceremony HONG KONG, Feb 26, 2019 – (ACN Newswire) – Organised by the Hong Kong Trade [...]
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Credit limit to double for the poor

27-Feb-2019 Intellasia | VNS | 6:00 AM

The government will double the credit limit for poor people seeking loans without collateral, as part of efforts to reduce poverty and prevent loan sharks. Under a new [...]
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Vietnam raises over $2b via G-bond channel in first months of 2019

27-Feb-2019 Intellasia | VNS | 6:00 AM

The State Treasury of Vietnam has so far this year raised more than VND51.24 trillion (US$2.19 billion) via government bond (G-bond) auctions on the Hanoi Stock Exchange [...]
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Higher foreign ownership imperative, say banks

27-Feb-2019 Intellasia | VNS | 6:00 AM

Last August prime minister Nguyen Xuan Phuc issued Decision No.986/QD-TTg on the Development Strategy of the Banking Sector. It caps the government’s ownership of the [...]
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AEON wants to invest in Vietnam’s financial sector

27-Feb-2019 Intellasia | VNA | 6:00 AM

The AEON Financial Service (AFS) Co. Ltd, the owner of Japan’s AEON retail chain, wants to expand its financial services in Vietnam through merge and acquisition [...]
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Exploiting bancassurance ‘gold mine’

27-Feb-2019 Intellasia | Doanh nhan Sai Gon | 6:00 AM

Distributing life insurance products through banks is considered a golden potential for businesses with its strong growth in the recent time. The typical case is the [...]
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State ownership at least 65pct after Agribank’s IPO: deputy PM

27-Feb-2019 Intellasia | VNS | 6:00 AM

State ownership at Vietnam Bank for Agriculture and Rural Development (Agribank) will remain at approximately 65 percent in the upcoming period, after the bank launched its [...]
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The root cause leads to many banks’ losses

27-Feb-2019 Intellasia | Bao Dau tu | 6:00 AM

Bad debts were partly pushed back, but newly arising bad debts made the risk provision increase sharply in the last quarter of the year, leading to heavy losses in Q4/ 2018. [...]
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Reference exchange rate down 1 VND

27-Feb-2019 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam set the daily reference exchange rate on February 26 at 22,910 VND per USD, down 1 VND from the previous day. With the current trading band of +/- 3 [...]
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Investors flock to bond funds

27-Feb-2019 Intellasia | Nhip cau Dau tu | 6:00 AM

Interest from savings is increasing, reaching the highest level of 8-8.5 percent per year in many banks such as Viet Capital Joint Stock Commercial Bank (Ban Viet), Vietnam [...]
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Vietnamese banks have higher profitability than other banks in marginal markets

27-Feb-2019 Intellasia | Dau tu Chung khoan | 6:00 AM

According to Viet Dragon Securities Company (VDSC), in 2018 2020 period, the profitability of Vietnamese banks is higher than other banks in regional markets with average [...]
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Credit for securities business increases by 15pct in 2018

27-Feb-2019 Intellasia | Tri Thuc Tre | 6:00 AM

The State Bank of Vietnam (SBV)’s deputy Governor said that securities business was one of the significant contributions of the banking system for increase of [...]
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