Local ETFs draw foreign attention Business

Local ETFs draw foreign attention

The domestic exchange-traded fund VFMVN Diamond (HoSE: FUEVFVNĐ) on September 8 issued an additional 300,000 certificates to raise the total amount of certificates to 148.3 million.
Banks’ profit forecast to drop significantly in H2 Business

Banks’ profit forecast to drop significantly in H2

The pre-tax profit of the banking system in the second half of this year is estimated to fall 22.1 percent compared to the same period last year due to an increase in provisions for risky loans in the wake of the COVID-19 pandemic.
Vietinbank issues more 130mln USD worth of bonds this year Business

Vietinbank issues more 130mln USD worth of bonds this year

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) is selling 30 million bonds, worth 3 trillion VND (130 million USD), to the public in the tier-2 public offering this year which takes place from August 27 – September 24.
Banks cut home loan interest rates Business

Banks cut home loan interest rates

Interest rates of home loans at commercial banks have tended to reduce significantly since the second half of July due to low capital demand from business and production.