Banking stocks to benefit from capital increases
Banking & Finance

Banking stocks to benefit from capital increases

According to a 2022 market outlook report from Yuanta Securities Vietnam (YSVN), capital increases as well as rises in foreign share ownership at banks will boost stock prices in the banking sector this year, especially State-owned banks such as BIDV, VietinBank, and Vietcombank.
Banking & Finance

Equitization of and divestment by State enterprises well short of plan in 2021

Revenue from the equitization of and divestments by State-owned corporations contributed VND1.4 trillion ($61.81 million) to the State budget in 2021, or just 3.5 per cent of the plan. This year, it is expected that divestments by six large firms, including FPT Corporation and the Hanoi Beer - Alcohol - Beverage Corporation (Habeco), will bring in VND20 trillion ($883.1 million).
Banking & Finance

Foreign transactions in stock market down sharply

The proportion of foreign transactions in Vietnam’s stock market has continually fallen sharply and currently stands at just 6 per cent of liquidity, while in late 2017 and early 2018 it was 20 per cent. Total net selling by foreign investors in 2021 was VND62.6 trillion ($2.7 billion).