Vietjet Aviation Joint Stock Company (HOSE: VJC) has released its half-year audited financial statements for 2021, which saw a bigger post-tax profit of the parent company over its compiled reports.
A number of banks have increased bond issuance to attract mid-term and long-term capital, leading to changes in capital mobilisation in the corporate bond market in the second quarter.
Vietnam has opportunities to access a wide commercial capital market which allows the country be more active and flexible in capital mobilisation and use in order to compensate for the shrinking ODA, said Truong Hung Long, head of the MoF’s Department of Debt Management and External Finance.
A ceremony was held in HCM City on July 20 in the presence of Prime Minister Nguyen Xuan Phuc to mark the 20th anniversary of Vietnam’s stock market and the Ho Chi Minh Stock Exchange (HoSE).
The domestic corporate bond market developed rapidly in April, an official from the Ministry of Finance (MoF) said on May 11, marked by the strong involvement of private investors.
The Government has considered mobilising capital from domestic enterprises to invest in the first construction phase of Long Thanh international airport project.
The market capitalisation has grown rapidly since 2016, by nearly 70 percent in 2016, 90 percent in 2017 and 28 percent in 2018, about 62.7 percent each year on average during the 2016 – 2018 period.
HCM City should create favourable conditions and introduce regulations to promote Public Private Partnerships (PPP) in the education sector, which is in need of an international standard learning environment, experts have recommended.
The key task in 2019 is to continue to comprehensively restructure the stock market, making it an important medium and long-term capital mobilisation channel.
As many as 88 percent of credit institutions expected their business performance will keep improving in 2019, of which 35 percent anticipated ‘significant improvement’.
A majority of credit institutions in the country expect an upward trend in their business in 2019 after gaining good results last year, according to a State Bank of Vietnam (SBV) survey released recently.
In recent years, the Government bond market has become an important capital mobilisation channel for Vietnam. However, the scale of the country’s bond market is modest compared to national economic scale and to other regional countries.
Most of credit organisations expect their business performance will keep improving in 2019, according to the central bank’s Monetary Forecasting and Statistics Department.
The new amended draft law on securities was revised based on the inheritance of the current Securities Law, broadening the scope of regulation and adopting a new approach more suited to market condition and overcoming the remaining limitations of the current law.
Efforts of the Ministry of Finance to restructure the Government bond market have turned the bonds into an important capital mobilisation channel for national economic development, stated Phan Thi Thu Hien, head of the ministry’s Finance-Banking Department.
Capital mobilisation by banks in Ho Chi Minh City exceeded 2.135 quadrillion VND (about 92 billion USD) as of early July, up 1.69 percent from the previous month and 13.83 percent year-on-year, said the municipal Department of Statistics.
Most credit institutions reported good results in the second quarter of this year, and expected their business performance throughout 2018 to be better than the previous year.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) posted over 7.72 trillion VND (336.2 million USD) in pre-tax profit in the first half of 2018, up 52.7 percent year on year.
Capital mobilization by banks in Ho Chi Minh City reached over 2,082 trillion VND (88.1 billion USD) as of May, up 0.83 percent from the previous month and 14.47 percent year on year, said the municipal branch of the State Bank of Vietnam (SBV) on June 7.
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