The benchmark VN-Index rose 14 percent last year to end at 1,103.87 points. The markets had fallen sharply in March and July because of Covid-19 outbreaks, but bounced back quickly as the government managed to contain the spread and maintain economic growth. … [Read more...] about Stock brokerages’ earnings jump as surging markets attract record investor numbers
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Corporate bond market forecast to be robust this year
However, not every enterprise was in a safe enough situation for bond issuance, Duong said, adding that there were many of small scale, especially those operating in real estate development, but issue corporate bonds much higher than their equity, posing risks to the market if these enterprises fell into difficulty and failed to pay debts. … [Read more...] about Corporate bond market forecast to be robust this year
P2P lending needs better management to avoid black credit
According to a draft report on the impact of the shared economy that MPI sent to ministries and ministerial-level agencies, P2P lending first appeared in Viet Nam in 2016 in the form of fintech companies, aiming towards unbanked customers. However, this has become a channel for so-called black credit. … [Read more...] about P2P lending needs better management to avoid black credit
GBG: Six predictions for the financial services and fraud landscape in 2021
In 2021, the industry is already seeing FIs and fintechs race to deliver instantaneous services through new financial products, with GBG's latest research finding 31% of FIs in APAC planning to offer instant bank accounts and instant loans, 29% planning to offer instant credit cards, and 22% planning to offer user voice activated fund transfers and bill payments. To take CX to the next level, there is a probability that the financial services sector will explore replicating successes from other industries, such as retail businesses that have effectively used augmented reality (AR) and virtual reality (VR) technologies to re-create in-store experiences, which could be used by banks to create virtual in-branch experiences. … [Read more...] about GBG: Six predictions for the financial services and fraud landscape in 2021
Viet Nam’s economic growth can even surpass expectations in 2021: expert
In 2021, many organisations are still optimistic about Viet Nam’s GDP growth. Recently, the Ministry of Planning and Investment’s National Center for Socio-Economic Information and Forecast (NCIF) released its outlook for the country’s economy with the growth of 6.17 per cent in 2021 in a base-line scenario. GDP growth may even reach 6.72 per cent in the best-case scenario. … [Read more...] about Viet Nam’s economic growth can even surpass expectations in 2021: expert
