Bao vn net

A Vietcombank office in the city of Can Tho. Vietcombank (VCB) was one of the strongest gainers in the banking group last week, climbing by more than 4 per cent. — VNA/VNS Photo Thanh Liem The Vietnamese stock market was entering an accumulation phase and may experience ups and downs with low or moderate liquidity, analysts said. The VN-Index on the Ho Chi Minh Stock Exchange (HOSE) lost 0.21 per cent to end Friday at 966.18 points. The benchmark index totalled an increase of 0.27 per cent last week. An average of 234 million shares worth almost VND4.5 trillion (US$193.2 million) were traded on the southern market. The market may experience choppy trading sessions next week as many events will take place, such as the maturity of futures contracts or portfolio restructuring activities of ETFs, according to Tran Xuan Bach, senior analyst at the Bao Viet Securities Company (BVSC). The VN-Index is likely to continue to fluctuate in the area of 955-971 points next week. It still … [Read more...] about Shares to experience choppy trading next week

International Man City crush Arsenal with De Bruyne masterclass The Saigon Times Daily Monday,  Dec 16, 2019,08:53 (GMT+7) Man City crush Arsenal with De Bruyne masterclassThe Saigon Times Daily Manchester City's Kevin De Bruyne scores their third goal at Emirates Stadium, London, Britain December 15, 2019 – PHOTO: REUTERS LONDON (REUTERS) - Manchester City resumed normal service in the Premier League as a masterful display by Kevin De Bruyne fired them to a 3-0 victory over a listless Arsenal at the Emirates on Sunday. Belgian De Bruyne produced two sublime finishes and one silky assist for Raheem Sterling as Pep Guardiola’s City killed the match as a contest before halftime. Arsenal managed to avoid any more punishment in the second half as City switched on cruise control but it was an uncomfortable 90 minutes for their stand-in manager Freddie Ljungberg whose side were totally outclassed. There was no … [Read more...] about Man City crush Arsenal with De Bruyne masterclass

Consumer credit has grown by five times in the last five years, according to the State Bank of Vietnam. The Financial Times newspaper noted that Vietnam’s consumer lending field remains ‘young’. Vietnam has great potential to develop the field thanks to the young population (70 percent of people are 15-64 years old) and the high economic growth rate (over 6 percent). It's easy to access consumer loans In late 2012, total consumer loans were VND230 trillion, accounting for 8 percent of total outstanding loans of the economy. By late 2017, the figure had reached VND1,100 trillion, or 4.8 times higher than 2012, accounting for 18 percent of total outstanding loans. As of December 31, 2018, the total assets of finance and finance leasing companies had reached VND167.822 trillion, up by 18.27 percent over the end of 2017, while their chartered capital had increased by 17.2 percent and regulatory capital by 39.4 percent. The consumer lending market includes … [Read more...] about Consumer credit: risks loom large

From November 18 to November 22, State Bank of Viet Nam had made a net cash injection of VND25 trillion ($1.09 billion) into the economy. — Photo vneconomy On December 2 the State Bank of Viet Nam issued 14-day bills worth VND18 trillion (US$782.6 million) at an interest rate of 4 per cent through open market operations. Earlier, from November 18 to November 22, it had made a net cash injection of VND25 trillion ($1.09 billion) into the economy. Experts estimate that around VND62.2 trillion has been pumped through the OMO channel in the last week of November by the central bank after eight straight months of withdrawing money. The injections indicated that the liquidity in the banking system had dried up over the last few months, and the central bank’s move has helped reduce lending interest rates on the inter-bank market, which had risen significantly. On November 26 interest rates on loans of up to one month were up by 0.7-1 percentage points from the previous day to a … [Read more...] about Central bank policies help replenish banking sector liquidity