Banking & Finance
$50 mln in loans for green projects
Proparco (the French Development Finance Organization) has granted a $50 million loan to HDBank to finance green projects for sustainable development.
Banking & Finance
Real estate stocks may see recovery in early 2022
Real estate stocks have been lackluster performers in recent times. The Viet Dragon Stock Company (VDSC), however, believes they will see a clearer recovery from the first quarter of next year.
Banking & Finance
FDI returning, opportunities emerging in stock market
The wave of returning FDI in foreign investment data for Vietnam in the first eight months of the year shows that the capital flow is more positive after a difficult year due to Covid-19, creating opportunities for the stock market.
Stocks set to recover
Solutions to reopen the economy, support businesses to recover production, and loosen credit or lower interest rates are good news for the stock market, which may recover strongly in the fourth quarter of 2021.
Fees in atomic energy field to be cut
The Ministry of Finance has proposed reductions of 50 per cent to certain fees in the field of atomic energy. It has also reduced 30 other fees and charges to the end of the year, totaling some VND2 trillion ($87.85 million).
Vietnam affected by monetary matters
Vietnam is still in a monetary easing period due to the negative impact of Covid-19. However, by increasing money supply, the Vietnam Dong (VND) will depreciate, to the detriment of foreign investors in the country. Import-export businesses also need to take into account the risks when exchange rates change.
Bank stocks down but growing in appeal
Bank stocks are becoming more attractive as their prices are down 15 per cent from their peak. According to VnDirect, the stock market is an attractive investment channel and will continue to be so into 2022.
SBV to pump more money into market?
Abundant liquidity, extensions to the debt restructuring period, and a switch to buying foreign currency by the State Bank of Vietnam (SBV) have been assessed by the Bao Viet Securities Company (BVSC) as actions towards adding Vietnam dong (VND) to the market to support the economy, especially as businesses are facing a lot of difficulties due to the pandemic.
Banks holding lead in corporate bond issuances
There were 52 corporate bond issuances in August, an increase of more than 40 per cent year-on-year, in which banking continued to lead in value accounting for 41.6 per cent of the total. Issuances in the first eight month totaled 490, with VND308.5 trillion ($13.6 billion) in value.