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Illustrative image (Photo: VNA) Singapore (VNA) – Vietnam appears to be leading the economic recovery among four emerging economies in ASEAN known collectively as CLMV (Cambodia, Laos, Myanmar and Vietnam), with exports and manufacturing already "far above" pre-pandemic levels, according to Maybank Kim Eng. In its recent report, the bank described recovery in the region as sluggish and uneven, noting that Vietnam now leads the region, Business Times of Singapore reported. Vietnam had successfully averted a recession last year, with its export turnover expanding by 7 percent, it said. In the first four months of 2021, the country’s export turnover rose by 28.3 percent year-on-year, with strong gains in machinery, computer and electronic items. Maybank maintained its forecast of 2021 full-year GDP growth at 6.5 percent for Vietnam. However, it is slashing its outlook for Cambodia to 4.2 percent from 5.9 percent. Meanwhile, Laos is expected to grow 4.8 percent …

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On the Ho Chi Minh Stock Exchange, the VN-Index increased 0.78 per cent to close at 1,343.98 points. The southern market's index lost nearly 1 per cent in the two previous sessions. — Photo vietnamfinance.vn Viet Nam's benchmark VN-Index bounced back yesterday after a two-day drop as blue chips recovered, especially aviation shares. On the Ho Chi Minh Stock Exchange, the VN-Index increased 0.78 per cent to close at 1,343.98 points. The southern market's index lost nearly 1 per cent in the two previous sessions. There was no surge in money flow in the market as nearly 643 million shares worth VND19.6 trillion (US$852 million shares), a low level since the beginning of September. Blue chips rebounded yesterday. Twenty-one of the top 30 shares by market value and liquidity gained value, of which Mobile World Investment (MWG) was the most influential share on the VN-Index. MWG climbed 6.7 per cent to VND118,900 ($5.17) per share. Aviation enterprises also moved positively. The …

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Illustrative photo (Source: dbs.com.sg) Singapore (VNA) - Singapore ’s multinational financial and banking firm DBS Group expects to double the number of members on its new platform for cryptocurrency trading to 1,000 by end-December and grow this by 20-30 percent annually for the next three years as digital tokens gain acceptability. In an interview, DBS senior executives said DBS Digital Exchange, set up in December as a members-only bourse, is seeing robust demand from corporate investors, accredited individuals and investment firms that manage the fortunes of wealthy families. The firm is growing very rapidly, with investors gradually exploring cryptocurrencies and digital assets, said Eng-Kwok Seat Moey, head of capital markets at DBS, South-East Asia’s largest bank by assets, and chairperson of the exchange. Eng-Kwok said DBS’ position as one of the biggest wealth managers in Asia and its expertise in originating deals in capital markets would help it …

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VPbank's employees wearing masks during transactions. The bank shares led the market's gain yesterday, up nearly 3.1 per cent. — Photo baodautu.vn The market ended higher on Friday with improved liquidity. However foreign investors returned to net sell a value of over VND1.7 trillion (US$75 million) on the southern bourse. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index inched up 6.77 points, or 0.5 per cent, higher to close the last trading day of the week at 1,352.64 points. The market’s breadth remained positive with 280 stocks climbing, while 126 stocks declined. The liquidity was higher than yesterday as more than 852.78 million shares were traded on the market, worth over VND25.9 trillion. The benchmark was boosted by large-cap stocks as investors’ sentiment recovered. The 30 biggest stocks tracker VN30-Index rose 6.61 points, or 0.46 per cent, to 1,455.59 points. Of the VN30 basket, 16 stocks increased, while 13 stocks slid and one ended flat. Bank stocks …

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