Stock market optimist crossword clue

Silicon Valley Bank. According to VinaCapital, the SVB collapse by itself will end up being neutral for Viet Nam’s stock market and economy. — Photo courtesy of Reuters The Silicon Valley Bank (SVB) collapse by itself will end up being neutral for Viet Nam’s stock market and economy, Michael Kokalari, chief economist at investment fund VinaCapital, has said in a report. “Furthermore, we see no substantial risk that the dynamics which negatively impacted SVB and certain other regional US banks could significantly impact the profitability and/or solvency of banks in Viet Nam.” It was widely reported that latent losses on SVB’s securities portfolio coupled with a drop in deposits at the bank were the main factors that led to its rapid insolvency, it said. Vietnamese banks also held Government bonds on their balance sheets, and the prices of 10-year Vietnam Government bonds (VGBs) had dropped by around 15 per cent since mid-2021 and yields surged. However, VGB holdings only … [Read more...] about Silicon Valley Bank collapse not to impact VN: VinaCapital

Customers at Vietcombank's branch. VCB led the stocks which pulled the VN-Index most on Monday. — VNS Photo Mai Huong Shares opened this week on a negative note on both major stock exchanges as pessimistic news from the financial market continued to affect investors’ psychology. On the Ho Chi Minh Stock Exchange, the VN-Index gave up more than 22 points, or 2.11 per cent, to close Monday’s trade at 1,023.10 points. The southern bourse’s index lost nearly 1 per cent last week. Meanwhile, the HNX-Index on the Ha Noi Stock Exchange decreased 1.39 per cent to end at 201.62 points after losing 1.6 per cent last week. The market breadth leaned heavily to the sellers with 612 losers and 176 gainers. Nineteen of the 25 stock industries tracked by vietstock.vn lost, of which 19 posted an average loss of more than 1 per cent. Only one sector – ancillary production – increased by 0.3 per cent on average. The biggest losers included agricultural production, securities, retail, … [Read more...] about Shares open new week on negative note amid uncertainty

The index closed 22.04 points lower after losing 2.26 points on Friday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 5.21% to VND9.75 trillion ($413.44 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 28 tickers dropped. TPB of private TPBank led the fall with a 5.3% drop, followed by VCB of state-owned lender Vietcombank, down 4.4%. POW of electricity producer Petrovietnam Power Corporation lost 4.1% and SSI of leading brokerage SSI Securities Corporation closed 3.9% lower. PLX of fuel distributor Petrolimex and VPB of private lender VPBank stayed unchanged. Foreign investors were net sellers to the tune of VND346.24 billion, mainly selling HPG of steelmaker Hoa Phat Group and VIC of private conglomerate Vingroup. The HNX-Index at the Hanoi Stock Exchange, where mid and small caps list, was down 1.39% while the UPCoM-Index at the Unlisted Public Companies Market was down by 0.54%. … [Read more...] about VN-Index plunges with no blue chip in green

Reviewing the country’s socio-economic recovery and development achievements in 2022, the PM said the macro economy remained stable, major economic balances were ensured, and notably the domestic investment and business environment was improved significantly. During the post-COVID-19 period, the foreign investment disbursement went up 13.5% as compared with 2021, which reflected Vietnam’s attractiveness in the regional and global investment maps, he said. Pham Minh Chinh stressed that the Vietnamese Party and State advocate green growth in order to ensure rapid, effective and sustainable economic development, contributing to implementing the 2021-2030 socio-economic development strategy. However, green growth needs a suitable roadmap, with conditions and capacity of each region, locality and business taken into consideration, he noted, encouraging the engagement of all, particularly businesses and people, in this regard. The Government will work to consolidate institutions, … [Read more...] about Prime Minister pledges to further support enterprises at Vietnam Business Forum 2023

The interest rate hikes by the US Federal Reserve and other central banks that began to significantly accelerate in the second half of 2022 have impacted the tech industry and investors in significant ways. These hikes are expected to continue, at least in the short term, until the central banks are satisfied that inflation is under control or lose their nerve. When that happens is anyone’s guess. Eric Johnson, counsel at Freshfields Bruckhaus Deringer LLP This rapidly changing financial environment has made it more difficult for digital economy companies, especially those that are currently not profitable, to raise money in both public and private markets. Many investors have adopted a wait-and-see approach until the situation becomes clearer, and are revisiting the assumptions behind the sky-high valuations that many tech companies previously commanded. The recent failure of Silicon Valley Bank in the US has sent a shockwave through the tech and venture capital … [Read more...] about Supporting the digital economy space

Representatives of three clam breeding co-operatives in Tra Vinh province receive Aquaculture Stewardship Council (ASC) certification for their bivalve molluscs. (Photo: VNA) Tra Vinh (VNS/VNA) - Three clam farming cooperative s in the Mekong Delta of Tra Vinh with a total area of 433ha have been awarded the Aquaculture Stewardship Council quality certification. They are the Thanh Cong Cooperative in Cau Ngang district’s My Long Nam commune, Tien Thanh Clam Cooperative in Chau Thanh district’s Long Hoa commune and Long Thanh Agriculture Cooperative also in Long Hoa. The province Department of Agriculture and Rural Development and the International Collaborating Centre for Aquaculture and Fisheries Sustainability (ICAFIS) held a ceremony to hand over the certificates to the cooperatives last week. Also at the ceremony, the Ben Tre Seafood Joint Stock Company and the Hung Truong Phat Aquamarine Product Joint Stock Company in Ben Tre province and the Lenger Seafoods Vietnam … [Read more...] about Tra Vinh clam breeding cooperatives receive ASC certificate