Despite predicted increases, many companies posting positive business results and profits have seen their stock price fall, with banking, securities, and steel stocks being examples. Conversely, the stock price of some companies with declining profits or losses and a gloomy outlook have increased significantly.
The decline in blue-chips on Vietnam’s stock market continued on the morning of October 25, taking the VN30-Index down to below the reference point. The market remained positive, however, with many groups, especially oil, construction, and insurance, gaining ground, while pillar stocks pushed up the VN-Index.
Many credit institutions in Vietnam have cooperated with and received technical support from international financial institutions to develop regulations on environmental risk management when granting credit. Green growth and sustainable development have therefore become trends and goals for every country to aspire to, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu told a seminar on promulgating a Circular guiding environmental risk management in the credit granting activities of credit institutions.
The share held by stock companies in the brokerage market is no indicator of profit, with some of those possessing a large market share posting small profits and vice-versa. Profit margins are also quite different.
The National Assembly’s Finance and Budget Committee agreed on October 20 with a proposal from the government that spare budget funds reserved for wage reforms be used for anti-pandemic activities, as wage reforms will not be conducted from July 1, 2022 due to the pandemic.
With money being continually added, the average trading interest rate in VND in the interbank market remains low while the transaction value of government bonds on the secondary market rose 42 per cent compared to last week. The State Treasury is expected to issue government bonds during the fourth quarter, but anticipated buying demand is not large, so the winning yield is expected to remain flat.