Hdbank

On the back of the UVFTA, trade and investment are expected to further flourish between the two nations, Photo: Le Toan After being appointed as the Vietnamese ambassador to the United Kingdom for the 2020-2023 term, Nguyen Hoang Long immediately rolled up his sleeves to help connect the Vietnamese and British business communities. Last week he met with Vincent Keaveny, Lord Mayor of London, as both sides discussed solutions for boosting financial cooperation between the financial capital and Vietnam’s enterprises and organisations. “Financial cooperation is always a focal sector in the economic relationship between the UK and Vietnam as many financial, banking, and insurance groups from the former have made their presence for a very long time in the latter. The UK is the No.1 partner of Vietnam in this sector,” Long said. “The UK-Vietnam Free Trade Agreement (UVFTA) is acting as a big driver of the trade and investment cooperation between the two economies,” he said. “It is … [Read more...] about Brits on board for expansion in Vietnamese partnerships

The stock market rose on Friday morning, boosted by gains in bank stocks, but a selling force remained. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose 3.2 points, or 0.22 per cent, to 1,468.5 points. The market's breadth was negative, but liquidity was higher compared to the previous session. On the HoSE, investors poured over VND14.4 trillion (US$638.5 million) into the market, equivalent to a trading volume of nearly 547 million shares. Meanwhile, foreign investors net sold up to VND600 billion on the southern bourse. The benchmark's bullish trend was thanks to gains in the VN30-Index backed by bank stocks. The VN30-Index, tracking the 30 biggest stocks on HoSE, rose 7.66 points, or 0.51 per cent, to 1,500 points. Of the VN30 basket, 13 stocks rose, while 16 declined and one remained unchanged. MBBank (MBB) dominated the uptrend this morning, up 5.79 per cent. It was followed by BIDV (BID), Techcombank (TCB) and Vietinbank (CTG), all up at least 2.28 per cent. … [Read more...] about Market inches higher on bank stocks