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PYN Elite Fund: Stock market to soon recover
Banking & Finance

PYN Elite Fund: Stock market to soon recover

In a recent letter to investors, Mr. Petri Deryng, Head of the PYN Elite Fund, shared his investment experience and said he believes that healthy economic development and sustainable income prospects will drive Vietnam’s stock market to recover quickly, once the uncertainty subsides. Data from PYN Elite shows that emerging economies, whose stocks are not overvalued but affected by weak global market sentiment, can quickly recover from shocks.
Banking & Finance

Stock market still offers opportunities

Many securities investors are concerned with the stock market being under a lot of external risk pressure, as it is now. However, analysts have pointed out many advantages in the country’s stock market, such as low price-to-earnings (P/E) ratios and a higher return on equity (ROE) in the VN-Index than in the region.
Banking & Finance

SBV active in money market

In the money market last week (September 19 to September 23), the State Bank of Vietnam (SBV) continued to use open market operation tools to maintain sufficient liquidity in the system and indirectly move on the interbank interest rate level. At the end of the week, the central bank net withdrew VND34.6 trillion ($1.46 billion) through the open market channel and VND23 trillion ($967 million) through foreign currency sales. It recently increased some operating interest rates, after nearly eleven years since the last increase. Rates such as discount rates and refinancing rates were raised by 1 per cent.
PYN Elite Fund: Stock market to soon recover

PYN Elite Fund: Stock market to soon recover

In a recent letter to investors, Mr. Petri Deryng, Head of the PYN Elite Fund, shared his investment experience and said he believes that healthy economic development and sustainable income prospects will drive Vietnam’s stock market to recover quickly, once the uncertainty subsides. Data from PYN Elite shows that emerging economies, whose stocks are not overvalued but affected by weak global market sentiment, can quickly recover from shocks.
MoF offers solutions to stabilize prices

MoF offers solutions to stabilize prices

The Minister of Finance suggested on September 28 that agencies and units continue to strengthen price management and administration measures and flexibly and effectively use price adjustment tools to control inflation over the closing months of the year. The Ministry of Finance (MoF) has also suggested four solutions for price stability to the end of the year.
Deputy PM adjusts investment and development expenditure from central budget

Deputy PM adjusts investment and development expenditure from central budget

Deputy Prime Minister Le Minh Khai has signed a Decision adjusting and supplementing estimates on investment and development expenditures from the central budget in 2022 for ministries, central agencies, and localities. Nearly VND3 trillion ($126 million) was cut from nine ministries and central agencies and two localities, to supplement estimates for the Vietnam Development Bank and the Vietnam Bank for Social Policies.
Stock market still offers opportunities

Stock market still offers opportunities

Many securities investors are concerned with the stock market being under a lot of external risk pressure, as it is now. However, analysts have pointed out many advantages in the country’s stock market, such as low price-to-earnings (P/E) ratios and a higher return on equity (ROE) in the VN-Index than in the region.
SBV active in money market

SBV active in money market

In the money market last week (September 19 to September 23), the State Bank of Vietnam (SBV) continued to use open market operation tools to maintain sufficient liquidity in the system and indirectly move on the interbank interest rate level. At the end of the week, the central bank net withdrew VND34.6 trillion ($1.46 billion) through the open market channel and VND23 trillion ($967 million) through foreign currency sales. It recently increased some operating interest rates, after nearly eleven years since the last increase. Rates such as discount rates and refinancing rates were raised by 1 per cent.
Banks race to raise deposit interest rates

Banks race to raise deposit interest rates

State-owned commercial banks such as Vietcombank, VietinBank, and Agribank increased deposit interest rates by 0.8 to 1.3 per cent on September 27. This will likely push up all deposit rates.

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