Vietnamplus

Demand for investment capital at the Vietnam Oil and Gas Group (PetroVietnam) and its member units for 2018-20 is estimated to reach 620 trillion VND (26.7 billion USD), PetroVietnam Securities Inc (PSI) recently announced.

After having declined for four straight weeks, the Vietnamese market may rebound in December as analysts and securities companies expect that cheaper shares will attract hungry investors amid the world’s volatility.

Hoa Phat Group’s Dung Quat project will increase steel supply, leading to change market shares of steel firms on the domestic market, according to KIS Vietnam Securities Corporation (KIS).

Vietnamese securities companies are looking to raise capital to supplement business activities and enhance operational efficiency.

Novaland Group was recognised in the Top 10 Annual Report Awards for the third consecutive year, and in the top 5 Sustainability Report Awards for the first time.

Following a global trend of share buybacks, many Vietnamese businesses are now repurchasing their own stocks to stablise prices.

The National Assembly adopted three laws and two resolutions on November 26, the 27th working day of the 14th legislature’s 8th session.

National Assembly deputies will scrutinise the draft Law on Mediation and Dialogue at Court on November 26.

The 14th National Assembly (NA) had the 26th working day of its 8th session on November 25 with a focus on three draft laws and the personnel work.

Investors should make careful decisions when purchasing corporate bonds, especially coming with high yield rates, to avoid risks, the Ministry of Finance (MoF) has said.

The National Assembly Standing Committee convened its 39th session on November 21 under the chair of NA Chairwoman Nguyen Thi Kim Ngan.

Although the Unlisted Public Company Market (UPCoM) attracts less attention from investors than the Ho Chi Minh and Hanoi stock exchanges, the market still offers potential opportunities for market players who thoroughly understand it.

The Ho Chi Minh Stock Exchange (HOSE) has introduced three new stock indices developed based on the investment requirements of local funds.

Open-end funds in Vietnam are looking forward to better performances in 2020 as more investors seek assistance from funds’ products and services.

The top 60 biggest companies by market capitalisation and trading liquidity on the two local stock exchanges saw combined post-tax profit gain of 22.5 percent to 46.75 trillion VND (2 billion USD) in the third quarter of 2019.

The total value of corporate bonds was 7.7 billion USD in January-October this year, according to SSI Retail Research.

To attract foreign investors to the Thai capital market, the Securities and Exchange Commission (SEC) has arranged for four financial technology (fintech) companies in Thailand to display their products and services at the Singapore FinTech Festival (SFF) 2019.

The State Bank of Vietnam (SBV) has said it would continue to direct credit institutions to strictly control credit in potentially-risky areas such as real estate and securities, especially Build-Operate-Transfer (BOT) and Build-Transfer (BT) transport projects.

The total value of corporate bonds was 178.7 trillion VND (7.71 billion USD) in January-October this year, according to SSI Retail Research.

Several local banks have reduced their interest rates in recent days, going against the banking sector’s general year-end trend of increasing rates to boost earnings.