Vietnamplus

Listed plastic companies have seen their market values expand 15-50 percent in the last two months on low oil prices and increased consumption.

Many Chinese funds are pouring capital into the Vietnamese stock market because of low valuations and further loosening of foreign ownership in the near future.

The recent interest rate cuts by the State Bank of Vietnam (SBV) have little impact on the Vietnamese stock market, analysts have said.

In the face of the increasing serious COVID-19 pandemic, several businesses have become proactive in epidemic prevention and managing the crises flexibly to find greater opportunities and overcome this difficult period.

German group BASF has launched new rambutan-derived bioactives from by-products, offering a host of opportunities for cosmetics firms in Vietnam and benefiting the local rural community.

Summer is the peak season for tourist companies and high sales and dividend rates are expected to drive tourism shares up in the coming months.

The State Capital Investment Corporation (SCIC) on November 22 sold its complete ownership in the Vietnam Construction and Import-Export JSC (Vinaconex) for 7.36 trillion VND (327.4 million USD).

The ASEAN Capital Markets Forum (ACMF), which met in Singapore on October 11, launched two key initiatives to drive a more connected and sustainable ASEAN capital market.

After two months postponing the increase in service fees for ATM cash withdrawals as required by the central bank, some commercial banks have now resumed the plan, announcing that a new service fee framework will apply from the middle of this month.

The Ministry of Finance has proposed the Government raise the individual income tax imposed on capital/securities transfer to 2 percent for trades not registered to the Vietnam Securities Depository (VSD) and not made on the securities market.

Next year is likely to be a fiercely competitive one for real-estate companies in Ho Chi Minh City since scores of new projects are set to hit the market, analysts said.

The insurance market has maintained a high growth rate of 21.2 percent in 2017, gaining revenue of 105.61 trillion VND (4.65 billion USD), a senior finance ministry official has said.

There is anticipation that automobile prices in Vietnam will decrease by 10-15 percent in the case of older models and 5-10 percent in the case of new models as automobile import tariffs are cut.

The benchmark VN-Index is heading to the 870-point landmark this week with the support of large-cap stocks experts have predicted, but cautioned a likely correction after a long rally.

Shares recovered from morning losses on August 16, with large-cap stocks, especially steel and fertiliser shares, leading the way.

The benchmark VN-Index failed to conquer the short-term resistance point of 790 for a second day on August 4, dragged down by bank stocks, while growth of many large-cap stocks supported the market.

Shares slowed growth in August 3 afternoon trade on rising investor caution when the benchmark VN-Index touched short-term resistance.

Shares rebounded on July 19 after three consecutive declining sessions but the recovery was fragile on modest liquidity.

The total premium collected by insurance companies in Vietnam in the first half of 2017 has grown 21 percent year-on-year to 47.17 trillion VND (1.8 billion USD).

Shares declined further on July 17 as most large-cap stocks slipped on investor caution about a steeper downward correction.