Stock market size hits over 79 percent of GDP Business

Stock market size hits over 79 percent of GDP

Capitalisation on the Ho Chi Minh Stock Exchange (HOSE) in May rose 7.07 percent month-on-month to more than 4.97 quadrillion VND (over 216 billion USD), equivalent to about 79.09 percent of the country’s GDP at the end of 2020.
Indonesia inaugurates 17-billion-USD sharia bank World

Indonesia inaugurates 17-billion-USD sharia bank

Indonesian President Joko Widodo on February 1 inaugurated state-owned sharia bank Bank Syariah Indonesia (BSI), which had total assets of 240 trillion IDR (17 billion USD) and ranked seventh on the list of biggest banks in Indonesia based on total assets.
Banks sprint to transfer listing to official bourses Business

Banks sprint to transfer listing to official bourses

Banks are sprinting to transfer the listing of shares from Unlisted Public Company Market (UpCom) to official bourses before the Law on Securities takes effect from the beginning of 2021, which would require two-year listing on UpCom before a public company could go to official bourses.
Top companies see profit slide in 9 months Business

Top companies see profit slide in 9 months

Forty of the largest companies by market capitalisation posted a 15 percent annual decline in total pre-tax profit, which fell to 162.8 trillion VND (7.02 billion USD) in January-September.
Administrative reforms crucial to capitalisation of EVFTA: dialogue Business

Administrative reforms crucial to capitalisation of EVFTA: dialogue

Reforming administrative procedures and improving infrastructure quality are decisive factors in capitalising on the EU-Vietnam Free Trade Agreement (EVFTA), heard a dialogue between officials of Ho Chi Minh City and the European Chamber of Commerce in Vietnam (EuroCham) on July 28.
Stock market celebrates 20th birthday Business

Stock market celebrates 20th birthday

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).