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Q3 banking profits up strongly
Banking & Finance

Q3 banking profits up strongly

SSI Research has published a report on the estimated business results of 26 companies in the third quarter of this year. Twenty-four are forecast to post profit growth while two are forecast to see a fall in profits. Banking profits are believed to have grown strongly in the third quarter despite interest rate hikes putting pressure on the net interest margin (NIM). The leading banks in terms of profit were Vietcombank, BIDV, ACB, and VPBank.
Banking & Finance

Vietnam Holding: Growth makes Vietnam an attractive investment destination

Mr. Hiroshi Funaki, Chairman of Vietnam Holding Limited, said that despite the gloomy prospects for the global economy, Vietnam is considered an attractive investment destination with positive growth prospects. Several banks have recently raised their 2022 growth forecasts to nearly 7 per cent. Inflation, meanwhile, is predicted to reach 3.5-4.0 per cent for the year.
Banking & Finance

MoF to implement strategy to operate stock market stably

Deputy Minister of Finance Nguyen Duc Chi has said that the State Securities Commission (SSC) is reviewing the provisions of the Law on Securities and guiding documents in order to address the inadequacies and problems. The Ministry of Finance (MoF) will continue to complete the strategy for the development of the stock market to 2030, for submission to the government for approval, which aims to develop the market sustainably and increase the application of technology in management and administration.
Q3 banking profits up strongly

Q3 banking profits up strongly

SSI Research has published a report on the estimated business results of 26 companies in the third quarter of this year. Twenty-four are forecast to post profit growth while two are forecast to see a fall in profits. Banking profits are believed to have grown strongly in the third quarter despite interest rate hikes putting pressure on the net interest margin (NIM). The leading banks in terms of profit were Vietcombank, BIDV, ACB, and VPBank.
SBV offers more support to system liquidity

SBV offers more support to system liquidity

The State Bank of Vietnam (SBV) has recently injected more than VND18.6 trillion ($779.22 million) into the market through open market operations (OMO) to support system liquidity, especially during the trading session on October 10.
Agriseco Research lists 7 stocks to buy and hold

Agriseco Research lists 7 stocks to buy and hold

Valuations on stocks in the VN30 is in a reasonable range and some have attractive prices. According to Agriseco Research, seven stocks with potential are BVH, HDB, GAS, HPG, KDH, SAB, and TPB.
Vietnam Holding: Growth makes Vietnam an attractive investment destination

Vietnam Holding: Growth makes Vietnam an attractive investment destination

Mr. Hiroshi Funaki, Chairman of Vietnam Holding Limited, said that despite the gloomy prospects for the global economy, Vietnam is considered an attractive investment destination with positive growth prospects. Several banks have recently raised their 2022 growth forecasts to nearly 7 per cent. Inflation, meanwhile, is predicted to reach 3.5-4.0 per cent for the year.
MoF to implement strategy to operate stock market stably

MoF to implement strategy to operate stock market stably

Deputy Minister of Finance Nguyen Duc Chi has said that the State Securities Commission (SSC) is reviewing the provisions of the Law on Securities and guiding documents in order to address the inadequacies and problems. The Ministry of Finance (MoF) will continue to complete the strategy for the development of the stock market to 2030, for submission to the government for approval, which aims to develop the market sustainably and increase the application of technology in management and administration.
VN30-Index down 11.48% in September

VN30-Index down 11.48% in September

The Hanoi Stock Exchange (HNX) has reported that the VN30-Index lost 11.48 per cent in September compared to August, but trading on the derivatives market in the month rebounded after a sharp decline in August. At the end of September, the number of derivative trading accounts stood at more than 1.1 million, up 1.88 per cent compared to the previous month. The proportion of foreign investor transactions accounted for 1.66 per cent of the total, down against August.

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