Decree sets stricter standards for banks Business

Decree sets stricter standards for banks

A new Government regulation will require all commercial banks to formulate and apply policies and procedures for 11 key operational areas, including credit and risk management.
Two bourses see boom before weekend Business

Two bourses see boom before weekend

The securities market continues booming as indexes for the country’s two bourses surged high in this week’s final trading session on July 24 with demand exceeding supply.

Korean retailer finds local partner

The Republic of Korea’s clothing retailer E-Land Group has become the foreign strategic partner of Vietnam’s Thanh Cong Textile & Garment Joint Stock Co (TCG), after acquiring a 30 percent stake in the company, Thanh Cong announced.

VN-Index hits two-month low

The VN-Index fell on July 20 to its lowest level in two months, plunging 3.68 percent to 412.88, a loss of 15.79 points.

Global hopes lift local shares

Better global economic prospects propelled the VN-Index up to 433.47 points on July 16, a 1.5 percent increase from July 15 standings.

Bargain-hunting buyers buoy HCM City bourse

The VN-Index on July 15 snapped a six-day losing streak, bouncing back by 2.03 percent to close at 427.05, with advancers outnumbering decliners by 124 to 20 on the Ho Chi Minh City Stock Exchange.

Stocks continue falling on stalled volumes

Most stocks continued to fall on July 14 on the HCM Stock Exchange, with decliners outnumbering advancers by 124 to 24 and the VN-Index losing another 1.9 percent to close at 418.55.

Vietinbank to list 121 million shares on HoSE

The Vietnam Bank for Industry and Trade (Vietinbank) will officially list more than 121 million shares, worth 1.21 trillion VND (nearly 69.25 million USD), on the Ho Chi Minh Stock Exchange (HoSE) on July 16.

Shares stall as volumes decline

Significant buys early in the day softened July 8’s overall market decline, as the VN-Index closed down a negligible 0.19 percent to 446.79.