Sunday, March 3, 2024 12:17:16 PM - Markets open
VN-INDEX 1,258.28 +5.55/+0.44%
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Banking & Finance
Czech Republic consumer finance provider Home Credit Group has announced it will sell its Home Credit Vietnam business to The Siam Commercial Bank Public Company Limited (SCB), part of SCBX Public Company Limited (SCBX), for approximately 800 million euros (US$866 million).   Full Article
Multiple businesses delay dividend payments, disappointing investors  29/02
Overall, the delay in dividend payments to shareholders by businesses is related to their difficult financial situation and insufficient cash flow.
Overnight interbank rate hits nine-month record high  26/02
With the surge, the rate for overnight term is currently even higher than that of one-week to three-month terms.
More policy rate cuts forecast in 2024 to support economic growth  26/02
Expansionary fiscal and loose monetary policies could be extended for another year when growth is considered a top priority, analysts noted.
Banks ask central bank to extend June 30 payment deadline  23/02
Industry experts said the current challenging economic situation and difficulties faced by businesses severely affect their ability to meet debt obligations. As there are no shortcuts to resolving old bad debts, a significant number of newly classified bad debts, which should be expected on June 30 this year, will put...
Credit growth declines by 0.6% in first month of 2024  21/02
To boost credit growth, instead of only allocating a part of credit growth quota for banks at the beginning of the year as previously, the SBV this year has assigned the entire credit growth target of 15 per cent for banks in early January.
Foreign exchange rate forecast to be under control in 2024  19/02
In 2024, production will gradually recover so imports will likely grow a bit faster than exports, but in general, the overall balance will still help Việt Nam take the initiative to regulate the VNĐ/USD exchange rates.
Many people buy gold on God of Wealth Day, gold prices down  19/02
According to the gold shops, on the day of the God of Wealth, plain round rings are the choice of most people because they are easy to trade and have low depreciation.
Changes to Law on Credit Institutions reduce ownership limits in banks  16/02
Under the amended Law on Credit Institutions, effective from July 1, 2024, commercial banks in Việt Nam are required to reduce the ownership ratios of organisations, shareholders, and related parties.
Central bank pushes others to boost lending from start of New Year  16/02
The State Bank of Vietnam (SBV) has issued a directive urging credit institutions to accelerate credit growth from the early months of 2024, a pivotal step toward propelling economic growth.
Asia - biggest source of overseas remittances to HCM City in 2023  16/02
Money sent from Asian countries made up 50.5 per cent of the total overseas remittances to HCM City last year, Việt Nam’s largest economic hub, a massive 143.8 per cent spike year-on-year, according to the State Bank of Vietnam (SBV)’s branch in the city.
Bank bad debts forecast to remain under great pressure in 2024  27/12
Banks said about 70 per cent of assets, which are mortgaged at banks for loans, currently are real estate.
Domestic gold prices hit record-breaking VNĐ80 million per tael  27/12
The combination of decreased interest rates and the perception of gold as a safe investment increased demand for gold jewellery, and overall market uncertainty further contributed to the rising domestic gold price.
Bank credit growth improves in HCM City  23/12
Total loans outstanding as of November 30 at credit institutions in HCM City were worth over VNĐ3.4 quadrillion (US$140.15 billion), a 1.3 per cent increase from the previous month, according to the central bank.
Bank credit growth improves in HCM City  22/12
Total loans outstanding as of November 30 at credit institutions in HCM City were worth over VNĐ3.4 quadrillion (US$140.15 billion), a 1.3 per cent increase from the previous month, according to the central bank.
Top Stories
Vietnamese stock market rapidly advancing towards global standards: Prime Minister
VN-Index fails to sustain upward momentum despite multiple attempts
Market remains upbeat on large-cap stocks
Central bank pushes others to boost lending from start of New Year
Domestic gold prices hit record-breaking VNĐ80 million per tael
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