Liquidity coverage ratio basel iii

Vinhomes Imperia Hải Phòng Urban Area, a project built by Vingroup. The company's shares soared nearly 3.5 per cent on Wednesday, leading the market's uptrend. — VNA/VNS Photo The Vietnamese stock market recovered on stronger demand force after recent corrections, while foreign investors continued to withdraw from main exchanges. The VN-Index on the Hồ Chí Minh Stock Exchange increased over 14.6 points, or 1.21 per cent, to close Wednesday at 1,266.11 points. The recovery helped recoup most of the losses hit in the last two sessions. On the southern bourse, breadth of the market returned to a positive zone with 275 stocks advancing, while 52 ended lower. Liquidity decreased over the previous session, but remained above VNĐ20 trillion. Particularly, VNĐ20.37 trillion (US$838.25 million) worth of shares was traded on HoSE, equal to more than 878 million shares. The index's reversal was mainly driven by strong rebounds in real estate stocks and other pillars in the securities … [Read more...] about Market rebounds, ending two-day losing streak

Benefit consultants from Mercer, Aon and Willis Towers Watson see employer healthcare costs jumping 5.4% to 8.5% in 2024 due to medical inflation, soaring demand for costly weight-loss drugs and wider availability of high-priced gene therapies. A survey conducted by Mercer, a unit of Marsh McLennan, found over two thirds of employers either do not plan to shift any cost increase to their staff or will pass on less than the expected rise in 2024. "They don't want to add more financial stress on employees who are also coping with inflation, especially in this time where they're really relying on their health benefits as a way to keep employees working for them," said Beth Umland, Mercer's director of health & benefits research. U.S. consumer prices accelerated 3.7% in the 12 months through August, down from a peak of 9.1% in June last year. However, medical cost increases usually lag general inflation as contracts between insurers and hospitals for the prices of procedures are … [Read more...] about US employers to see biggest healthcare cost jump in a decade in 2024

Amid the current financial landscape, how do you see the investment appetites of global investors evolving? From the escalating interest rates that echo the world’s financial concerns to brewing geopolitical tensions, uncertainty seems to be the new norm. Louis Nguyen, chairman and CEO of Saigon Asset Management This environment has led many investors to tread with caution. A conservative streak is becoming more apparent, with a pronounced shift towards liquidity. Increasingly, investors, whether individual or institutional, are preferring the relative safety of cash holdings over more volatile investments. Vietnam, too, reflects this broader sentiment of caution. But for this Southeast Asian nation, the complexities run deeper. Beyond the external geopolitical and economic factors that influence global investment behaviours, Vietnam grapples with its own unique set of challenges. Recent internal events and policy indecisions have contributed to an atmosphere … [Read more...] about Compelling business model essential for success

Christina Bao, Co-Head of Sales & Marketing at the Hong Kong Exchanges and Clearing Limited (HKEX). — Photo courtesy of HKEX The Vietnamese stock market is a key capital mobilisation channel for the economy and is undergoing improvement and upgrading towards emerging status. Considered as Asia’s financial hub, Hong Kong is a role model for Việt Nam to follow. When Christina Bao, Co-Head of Sales & Marketing at the Hong Kong Exchanges and Clearing Limited (HKEX), came to Việt Nam for a conference, Việt Nam News reporter Ly Ly Cao took the opportunity to speak to her about solutions to enhance the country’s stock market and how Hong Kong can support Việt Nam in the upgrading process. What do you think about the Vietnamese stock market in its current state? Việt Nam’s economy is on very strong momentum in terms of GDP growth, which grew by more than 8 per cent last year and is hopefully to reach 6 per cent this year. This sets a very strong foundation for the local … [Read more...] about Hong Kong to help elevate Việt Nam’s stock market potential

Vietnam Investors Service and Credit Rating Agency JSC (VIS Rating) was established by the Vietnam Bond Market Association, and received an operating licence from the Ministry of Finance on September 18. With a 49 per cent holding, Moody's is the majority shareholder in VIS Rating. Along with Moody's, ACB Securities Company, Dragon Capital Finance Ltd., Nam A Bank Asset Management Co., Ltd., VNDIRECT Securities Corporation, and VPS Securities JSC are also founding stockholders. VIS Rating operates independently of Moody’s. Michael West, president of Moody’s Investors Service said, “Moody’s recognises the vital role that the local debt capital market plays in driving Vietnam’s economic growth. As a global leader in credit ratings, research, and risk analysis, our international presence and local experience will position VIS Rating as the agency of choice in Vietnam.” Wendy Cheong, managing director and regional head of Asia-Pacific at Moody’s Investors Service and member of the … [Read more...] about Moody’s launches Vietnam-based credit rating agency

The investment was made by the Mekong Enterprise Fund IV (MEF IV) under Mekong Capital. Following MEF IV’s initial investment in 2021, this latest addition will support Gene Solutions ’ expansion plans in Southeast Asia, especially relating to the provision of early detection tests for multiple forms of cancer. Chris Freund, founder and partner at Mekong Capital said, "This second round of investment by MEF IV into Gene Solutions will be used to fund their ongoing expansion throughout Southeast Asia. We have great confidence in Dr. Nghia, the co-founders, and the excellent team that Gene Solutions has assembled. Our initial investment in Gene Solutions has been performing very well over the last two years, and of course, we expect this will continue as Gene Solutions emerges as a model of a successful and sustainable biotechnology company in Southeast Asia." Gene Solutions specialises in detecting the presence of certain diseases based on DNA markers. The company's success was … [Read more...] about Gene Solutions secures $21 million to facilitate expansion in Southeast Asia

According to PwC's research, 96 per cent of Vietnamese consumers are willing to pay for products produced by companies with good business ethics, while 68 per cent of the next generation believes that businesses have a responsibility to combat climate change and its related consequences. At a business level, ESG commitment levels are high, with 80 per cent of companies having made ESG commitments or plans to do so soon. Pham Hai Au, director of Business Solutions at PwC Vietnam, noted that ESG is a topic that has attracted significant attention in Vietnam, ranging from press coverage, events, and conferences, to reports, surveys, and research. “Stakeholders have articulated their views on ESG practices, setting increasingly high expectations when implementing sustainable operations and the transparent disclosure of non-financial information,” he said. “ESG practices are seen as a transformative journey that creates long-term value and opens up new opportunities for businesses,” … [Read more...] about VNU and PwC hold workshop on ESG practices

Vietnam is determined to meet its commitment of a net-zero emission target by 2050 and support global health security priorities, Prime Minister Pham Minh Chinh told two United Nations summits in New York, the U.S., on Wednesday. The Vietnamese leader kicked off his first activities at the United Nations headquarters by attending two summits on climate change response and preparations for future pandemics, as part of his seven-day trip to the U.S. for the high-level General Debate of the 78th United Nations General Assembly (UNGA) session and other activities. Cutting emissions by 43.5 percent by 2030 Speaking at the UN Climate Ambition Summit, where leaders of countries and international organizations expressed their concern about the severe impacts of climate change, PM Chinh stressed that addressing climate change impacts requires a global and all-people approach, with more urgent and stronger actions. The PM proposed accelerating a fair and just green energy transition, … [Read more...] about Vietnam reiterates net-zero emission goal, supports global health priorities

Prime Minister Pham Minh Chinh on Wednesday morning met with Aurélia Nguyen, a Vietnamese French, chief program strategy officer at Gavi, a global Vaccine Alliance, to award her Vietnam’s Friendship Medal for her valuable contributions to the country during the COVID-19 pandemic. The medal demonstrates recognition from the Vietnamese Party, state, and people for her efforts in helping Vietnam fight the pandemic. Nguyen pledged to closely collaborate with the Vietnamese Health Ministry to eliminate dangerous diseases such as measles and rubella – an acute, contagious viral infection, beef up vaccinations and improve vaccine storage. Gavi is one of three organizations leading the COVAX vaccine allocation plan, ensuring equitable access to COVID-19 vaccines. When Vietnam and the world were hit by the pandemic, Nguyen began reaching out to top Vietnamese officials. Over the course of the pandemic, Vietnam was provided with over 70 million COVID-19 vaccine doses under the COVAX … [Read more...] about Vietnam PM presents Friendship Medal to vaccine executive