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
Facing developments of P2P lending, Pham Tien Dung, director of the Payment Department from the State Bank of Viet Nam, spoke at a recent press conference on the implementation of banking sector tasks this year, saying: “SBV is continuing to monitor the market for appropriate management solutions.” … [Read more...] about P2P lending needs better management to avoid black credit
GBG: Six predictions for the financial services and fraud landscape in 2021
For countries that have yet to enter into a stable recovery period, FIs will be making a more conservative approach to overall investment and sustaining cashflow, but deprioritising investments in fraud technology could leave them unprepared for the potential rise in financial crime and fraud during financial hardship. FIs in Indonesia, Malaysia, Thailand, and the Philippines, which are seeing reinstatement or continued lockdowns in the country, may become even more hard-pressed for stronger fraud prevention technology to combat an increase in financial crime, as basic fraud systems may not adequately protect them against emerging and complex fraud typologies. … [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
