Vietnamplus

Some qualified commercial banks are forecast to get higher credit growth quotas from the State Bank of Việt Nam (SBV) in the next few months.

The newly-issued Law on Insurance Business is expected to positively impact the insurance market's long-term development.

The State Bank of Vietnam (SBV) and the State Treasury of Vietnam have injected hundreds of trillions of VND into the market through foreign currency purchases from commercial banks.

The Bao Viet Securities Company (BVSC) has just approved a resolution to increase its profit plan for 2021.

Travel firms in Ho Chi Minh City have resumed selling tours as the southern metropolis has allowed tourism services in “green zones” after a period of social distancing due to COVID-19.

Vietnamese ICT enterprises have benefited greatly from the fast digitalisation trend, with their revenues rising despite the COVID-19 pandemic.

The Vietnam Report Joint Stock Company on July 9 announced Vietnam's top 10 prestigious life and non-life insurance companies in Vietnam in 2021 as well as assessments on the Vietnamese insurance market.

Recently released financial reports show the earnings of securities companies were positive in the first quarter of 2021.

Bao Viet Holdings and its affiliates reported positive growth last year with total turnover of 48.949 trillion VND (2.12 billion USD), up 9.1 percent year-on-year and surpassing the annual target by 8.9 percent.

Insurance companies performed well in Vietnam during the COVID-19 pandemic, but their shares have not attracted much attention from investors.

A working delegation from the Vietnam News Agency (VNA), led by member of the Party Central Committee and VNA Director General Nguyen Duc Loi, visited the central province of Thua Thien-Hue and held a working session with leading officials on November 2.

Companies are looking to raise debts from bond issuance before the amended Law on Securities takes effect next January.

Insurance companies enjoyed an increase in sales in the first quarter of this year.

Japanese insurer Sumitomo Life has registered to buy more than 41.4 million shares of local insurer insurance-finance-banking group Bao Viet Holdings (BVH).

Growing demand for health care and disease prevention in Vietnam offers great opportunities for life insurers, especially foreign firms, to develop.

Global provider of benchmarks, analytics and data solutions FTSE Russell last week kept Vietnam on its watch list as a frontier market.

Experts have said that the reduction in the central bank’s interest rate will also help stabilise lending rates.

Vietnam’s insurance sector has targeted a growth rate of 20 percent this year, according to the Vietnam Insurance Association.

Low-cost carrier Vietjet Aviation Joint Stock Company (HOSE code VJC) was named among Vietnam’s 50 best listed companies in 2019 by Forbes Magazine during an award ceremony in Ho Chi Minh City on August 15.

The State Capital Investment Corporation (SCIC) plans to sell State capital at 108 businesses including many big ones this year.