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Banks struggling to complete annual plans
Banking & Finance

Banks struggling to complete annual plans

According to FiinGroup, credit increased strongly in the first half of the year but the average completion of annual profit plans for 2022 in the banking industry stands at just 51.5 per cent. Twenty-six of the 27 listed banks have set a target of after-tax profits growing more than 33 per cent, but their ability to complete plans is relatively low without additional credit lines.
Banking & Finance

Profits at securities companies may fall

The stock market fell significantly in the second quarter of this year. Kis Securities believes that profits at securities companies in the closing months will be equal or slightly down year-on-year. It also touched on three factors affecting the securities industry from now to the end of 2022: the implementation of the KRX system, the redistribution of corporate bonds, and uncertainties over an upgrade to the local stock market.
Banking & Finance

Valuations in dire need of reform

The Law on Prices and the legal framework on valuations have now been implemented for a decade. From recent mistakes relating to valuation activities and the quality of appraisers, it is clear that, if not corrected, these will be further corrupted, distorting prices in economic transactions, abetting wrongdoings, and causing losses of State budget and property.
Banks struggling to complete annual plans

Banks struggling to complete annual plans

According to FiinGroup, credit increased strongly in the first half of the year but the average completion of annual profit plans for 2022 in the banking industry stands at just 51.5 per cent. Twenty-six of the 27 listed banks have set a target of after-tax profits growing more than 33 per cent, but their ability to complete plans is relatively low without additional credit lines.
Pace of public investment disbursement slowing

Pace of public investment disbursement slowing

A series of problems are holding back the disbursement of public investment capital in the provinces of Working Group No. 6. Minister of Finance Ho Duc Phoc has expressed concern that it may be difficult to meet the targeted VND500 trillion ($21 billion) in disbursement this year.
PVCB Capital & Fincorp to launch digital transformation solution

PVCB Capital & Fincorp to launch digital transformation solution

On August 26, the PVcomBank Fund Management Joint Stock Company (PVCB Capital), in cooperation with the Fincorp Joint Stock Company (Fincorp), signed a cooperation agreement to deploy the Fplatform digital transformation solution for asset management in Vietnam.
Profits at securities companies may fall

Profits at securities companies may fall

The stock market fell significantly in the second quarter of this year. Kis Securities believes that profits at securities companies in the closing months will be equal or slightly down year-on-year. It also touched on three factors affecting the securities industry from now to the end of 2022: the implementation of the KRX system, the redistribution of corporate bonds, and uncertainties over an upgrade to the local stock market.
Valuations in dire need of reform

Valuations in dire need of reform

The Law on Prices and the legal framework on valuations have now been implemented for a decade. From recent mistakes relating to valuation activities and the quality of appraisers, it is clear that, if not corrected, these will be further corrupted, distorting prices in economic transactions, abetting wrongdoings, and causing losses of State budget and property.
Opinions mixed on draft revised Price Law

Opinions mixed on draft revised Price Law

In order to consolidate and improve the quality of appraisal services and contribute to limiting negativity in the management and use of assets, avoid wasting social resources, and ensure similarity among services, the Ministry of Finance is actively collecting comments on its draft revised Price Law. Many regulations have attracted conflicting opinions, however.

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