The Ministry of Public Security on January 17 said that through its investigation into the disturbance case in Dong Tam commune, Hanoi’s suburban district of My Duc, authorities have found a number of domestic and foreign individuals and organisations provide money to rioters in the case.
Three large-cap companies that debuted on the Ho Chi Minh Stock Exchange (HoSE) in 2019 saw their shares beaten by the benchmark VN-Index at the end of the year.
The State Bank of Vietnam set the daily reference exchange rate at 23,162 VND/USD on January 13, down 4 VND from the last working day of previous week (January 10).
The Government supports the policy of allowing four State-owned banks to raise charter capital, said Governor of the State Bank of Vietnam (SBV) Le Minh Hung.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) said it has reached the target of 1 billion USD in profit one year ahead of schedule.
It may take Vietnam two years to get upgraded to emerging market level from the current frontier market classification, VNDirect Securities Corporation said in its 2020 outlook.
A report by securities firm SSI on the financial and monetary market says deposit interest rates are likely to be cut by 0.5- 1 percentage point this year, and lending interest rates would also be cut by at least 0.5 percentage points as required by the Government.
The State Bank of Vietnam set the daily reference exchange rate at 23,167 VND/USD on January 6, up 10 VND from the last working day of previous week (January 3).
Government-backed development banks of Japan, China and the Republic of Korea (RoK) have signed an agreement with public and private financial institutions in Southeast Asia to meet growing demand for infrastructure projects in the fast-growing region.
Many Vietnamese commercial banks have moved to develop retail banking services, seeing it as a strategy to reduce risks and optimise their business results, according to insiders.
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