Quarters in stock market

The US fund is investing in some large-cap stocks such as property firms Vingroup (VIC), Vinhomes (VHM) and Vincom Retail (VRE), dairy firm Vinamilk (VNM), steelmaker Hoa Phat (HPG), Vietcombank (VCB), consumer goods producer Masan (MSN), aviation business Vietjet (VJC), brewer Sabeco (SAB), and PetroVietnam Gas (GAS). … [Read more...] about Market steadies amid ETF quarterly review

According to the NA-assigned targets, Vietnam’s GDP growth rate in 2020 will be 6.8% while inflation will be kept below 4%. However, the unexpected outbreak of COVID-19 in more than 200 countries around the world has made this goal a major challenge which, as assessed by the Government, is difficult to be achieved. Given that fact, the proposal to adjust the growth targets is necessary and consistent with objective reality, looking directly at the socio-economic situation and forecasting the international and domestic situation in the near future. Under the Government’s updated scenario, the country’s GDP will grow by about 4.5% in 2020. The Government has also set a higher growth target of 5.4% in the event of a favourable global situation, with the disease being put under control and the global market recovering. Meanwhile, the consumer price index (CPI) for the whole year will rise by 4% on average; total state budget revenue will see a reduction of VND163 trillion … [Read more...] about BUSINESS NEWS HEADLINES MAY 30

On the flip side, experts believed controlling cost is key for European lenders at this moment, so looking for lucrative land in Asia might not be on their top priority now. Banks have been caught between a rock and hard place given the low and negative interest rates across the continent. Deutsche Bank, which entered Vietnam in 1992, now finds itself in uncharted waters due to the COVID-19 pandemic forcing it to set aside money for loan losses and disrupting its targets. The bank now holds 2.52 per cent of shares at Vietnamese lender SHB. … [Read more...] about Upcoming EVFTA to fortify lenders

According to chairman Ngô Chí Dũng, the bank has begun preliminary talks to sell up to 49 per cent in its consumer finance arm, FE Credit. The money from the deal will be spent on its retail and SME divisions. … [Read more...] about VPBank confident of beating 2020 profit target