Government i bond value

Pham Hong Son, vice chairman of SSC, delivered a speech at the event on Tuesday in Ha Noi. — Photo courtesy of JICA The capacity of the State Securities Commission (SSC) and three stock exchanges in market management and supervision has been enhanced as a result of a collaboration project with the Japan International Cooperation Agency (JICA), an SSC leader said on Tuesday. From April 2019 to March 2023, the technical cooperation project “Capacity Building on Improving Fairness and Transparency of Vietnamese Equity Market” aims at ensuring publicity and transparency, strengthening market surveillance and inspection, supervision of market intermediaries, listing and public offerings in line with international standards, and raising awareness on investor protection among listed companies. With the intention to cooperate with counterparts to develop the best practices for the stock market, the project conducted a detailed initial survey on the Vietnamese market, grasped issues and … [Read more...] about Vietnamese stock market’s publicity and transparency improved

VPBank last week was rumoured to be close to an agreement to sell 15 per cent of stakes to Sumitomo Mitsui Financial Group, one of Japan’s largest financial companies. The estimated agreement is valued at around $1.4 billion, cited Bloomberg. “The Vietnamese bank will sell more than one billion shares to SMBC Consumer Finance, a unit of the Japanese megabank, for $1.35-1.39 each,” the newswire noted. Banks continue with consolidation game, illustration photo/ Source: Shutterstock VNDirect Securities told VIR that due to a high capital adequacy ratio of 20.5 per cent in 2022, VPBank could receive a higher credit limit from the State Bank of Vietnam this year. In addition, the brokerage predicted that the bank would invest significantly to diversify its products and expand its footprint in other segments, such as VPBank Securities in the securities market or OPES – its new non-life insurance arm. With the 15 per cent stake sale to SMBC, VPBank would consolidate and … [Read more...] about Banks continue with consolidation game

SVB, a key lender to the tech industry since the 1980s, became the biggest U.S. bank to fail since 2008. Regulators seized it after a sudden run on deposits, creating Silicon Valley Bridge Bank. That entity will be taken over by First Citizens from Monday. First Citizens said it had agreed to purchase "substantially all loans and certain other assets, and assume all customer deposits and certain other liabilities of Silicon Valley Bridge Bank." It said the 17 former branches of SVB will open on Monday as "Silicon Valley Bank, a division of First Citizens Bank." The transaction includes the sale of $72 billion in assets at a discount of $16.5 billion, the US Federal Deposit Insurance Corporation (FDIC) said in a statement. Depositors of SVB will "automatically become depositors of First Citizens Bank," added the FDIC, which will continue to insure deposits. All of the entity's loans and deposits will now be managed by First Citizens, while the FDIC will retain some $90 … [Read more...] about First Citizens to acquire collapsed Silicon Valley Bank