Consumer finance arms race
Consumer finance companies are offering various promotions to customers, aiming to enlarge their share in an increasingly competitive market.
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Consumer finance companies are offering various promotions to customers, aiming to enlarge their share in an increasingly competitive market.
The US dollar has appreciated significantly against the Vietnamese dong in the past few days, but local officials and experts believe these hikes won’t affect Vietnam’s economy in any major way.
Vietnamese shares declined on March 1 after rising for four consecutive sessions, due to large-cap stocks underperforming as investors sold in pursuit of short-term profits.
Vietnamese stocks are expected to rise further with the benchmark VN-Index forecast to surpass its all-time peak of 1,170 in 2007 on rising investor confidence in the market outlook, analysts said.
Vietnamese shares posted a strong comeback on February 7 as investors were calmed by market regulators and bottom-fishing was triggered for worst-hit companies during the previous two-day collapse.
Vietnamese shares advanced further on January 19 as investor sentiment was cushioned by recent strong recovery of the market and hopes for better corporate performance in 2018.
Vietnamese shares bounced back on January 18 after the previous day’s sharp fall sent stocks down to attractive prices, thus triggering investors to bottom-fish.
Vietnamese shares ended January 16 on a negative note as large-cap stocks were hit by strong selling as investors worried about a draft amendment on the initial margin to be passed by market regulators.
Vietnamese shares advanced for a second session on January 9 as investors remained upbeat over the firms that are expected to deliver good results in the earnings season.
Vietnam's benchmark VN Index increased for a fourth straight session on December 27 on investor confidence in both the corporate sector and the country’s overall economy in the fourth quarter.
Shares rebounded on October 24 on the two national stock exchanges after a flop the previous day, propped up by the strong growth of several major large caps.
Vietnam’s largest dairy producer Vinamilk (HOSE: VNM) has estimated its third-quarter revenue at 13.3 trillion VND (591 million USD).
It’s expected to be a strong September on the local stock market, as investors are maintaining confidence after positive economic data in August and a period of prolonged net buying by foreign traders.
