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.
Struggling to attract domestic funds, banks are rushing to seek foreign capital ahead of the central bank’s tightened policy on medium- and long-term lending early next year.
The first three quarters of 2018 have ended with numerous reports on Vietnam’s economic growth. Reports by the Asian Development Bank, World Bank and IMF affirmed the economic target of 6.5 to 6.7%
Ho Chi Minh City and the Asian Infrastructure Investment Bank (AIIB) hope to enhance their ties to facilitate infrastructure development in Vietnam’s southern economic hub.
A seminar discussing the opportunities, challenges and current trends of the healthcare system in ASEAN took place in Hanoi on September 13 as part of the World Economic Forum on ASEAN (WEF ASEAN) 2018.
Vietnam, as one of the founding members of the Asian Infrastructure Investment Bank (AIIB), pledges to be a reliable and prestigious member that contributes to the bank’s effective operation.
Many commercial banks have recently increased deposit interest rates, but experts forecast that the rise will last only a short time and won’t have a domino effect on lending rates.
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.
The Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) has revised down many business targets for 2018, citing different reasons for this decision.
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.
Vietnam’s M&A market is forecast to reach 6.5-6.9 billion USD in 2018, which is lower than the 2017’s record of 10.2 billion USD.
Many banks have reported impressive profit growth in the first half of 2018, compared to the same period last year, thanks to the high credit growth and the improvement from the retail banking segment.
The Vietnam Bank for Agriculture and Rural Development (Agribank) aims to maintain its status as the leading commercial bank in Vietnam in its strategic business orientation to 2025.
Amid narrowing credit sources and rising lending interest rates, property developers have been diversifying their capital mobilisation channels, including calling for foreign investment.
The condominium market for sale showed signs of slowing down in the second quarter of this year, said Nguyen Hoai An, director of CBRE Vietnam’s Hanoi branch at a recent press conference to report on the capital city’s real estate market in the second quarter of this year.
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.
Yeah1 Group Corporation listed more than 27.36 million of its shares on the HCM Stock Exchange (HOSE) on June 26, becoming the first ever entertainment company to list.
