Top ten outstanding banking events of 2018 Business

Top ten outstanding banking events of 2018

In 2018, the banking sector witnessed many achievements such as increasing foreign exchange reserves, remittances, and profit, but also faced challenges in interest and foreign exchange rates.
Government bond auctions run into problems Business

Government bond auctions run into problems

After tasting success in the first seven months, the issue of Government bonds have been facing difficulty from early August with the bidders’ expectation of rising interest rate and decreasing bank liquidity.

Forex market to fluctuate until the end of the year

The exchange rate continued to increase over the last few days though less strongly than at the beginning of October, with the VND/USD selling rate reaching 21,400.

Although the rate is still well under the ceiling level, the trend is expected to attract businesses’ attention, as they have to guard themselves from the risks of exchange rate fluctuation and lending behaviour, especially since foreign currency credit increased by more than 20 percent during the first nine months of 2014.

G-bonds attractive to commercial banks

Commercial banks have bought more Government bonds recently, with the State Treasury raising 5.65 trillion VND (269 million USD) on August 6 for bonds that mature within two, three or five years.

Market activity hits six-month low

Shares edged up on the HCM Stock Exchange on July 7, with the VN-Index closing up by 0.4 percent to 429.99 points. The value of trades fell by 10.6 percent from July 6's session, however, to 463.3 billion VND (22.5 million USD) on a volume of 23.4 million shares.