Vietnamplus

Banks are reporting better profits for the third quarter this year, with Vietcombank leading the way despite the predicted slowdown in credit growth.

A list of 755 enterprises failing to register to list on the stock market after equitisation will soon be announced.

Most domestic credit institutions and foreign banks’ branches in Vietnam expect their business performance in 2019 to be better than last year despite the predicted slowdown in credit growth.

Most domestic credit institutions and foreign banks’ branches in Vietnam expect their business performance in 2019 to be better than last year despite the predicted slowdown in credit growth, according to the State Bank of Vietnam's latest survey released late last week.

Local shrimp-breeding enterprises have mobilised investment from various sources to expand production in an aim to attract partners from shrimp supply chains from around the world.

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) reported nearly 17.6 trillion VND (757.59 million USD) in consolidated profit in the first nine months of this year, surging 50.6 percent from the same time last year and reaching 85.8 percent of the yearly plan.

As State-owned enterprises (SOEs) have many functions in the local economy, they struggle to fulfil their main task of doing business, so they need solutions to improve business efficiency, according to experts.

The Vietnam Oil and Gas Group (PetroVietnam) has become the most profitable corporation in the country, with 50.6 trillion VND in pre-tax profit in 2018, up 7.5 percent year-on-year.

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.

The Vietnam Electricity (EVN) collected over 219 billion VND (over 9.6 million USD) from an auction of its shares at the EVN Finance Joint Stock Company (EVN Finance), as it is trying to divest from the company, according to the Hanoi Stock Exchange (HNX).

Local banks have raised their interest rates in a move to attract depositors and increase their medium- and long-term capital.

A conference welcoming Singaporean and Malaysian firms took place in the Mekong Delta city of Can Tho on August 6.

The Republic of Korea (RoK) has agreed to cooperate with Vietnam in sharing experience in mobilising private investments for infrastructure development.

More than 200 foreign firms attended a conference to promote investment in Vietnam in London on July 4, which was chaired by Minister of Finance Dinh Tien Dung.

Local banks have continued issuing a large amount of bonds to raise capital to meet the State Bank of Vietnam (SBV)’s stricter regulations on credit safety limits and capital adequacy.

The Committee for Management of State Capital at Enterprises (CMSC) will oversee the finance of 19 State-owned groups and corporations this year.

The State Bank of Vietnam (SBV) will grant more autonomy in terms of capital mobilisation and lending to commercial banks, SBV Deputy Governor Dao Minh Tu said on May 16.

There are many securities products that are widely used in other countries but have not yet appeared on the Vietnamese stock market, said Phan Duc Hieu, deputy director of the Central Institute for Economic Management (CIEM).

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) plans to collect 5.07 trillion VND (217 million USD) in pre-tax profits this year, an increase of 27 percent compared to 2018.

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.