Yuanta Securities Vietnam has forecast that bank profits will fall 19 per cent in the third quarter compared to the second due to low lending growth and higher provisioning costs.
After 12 years of operations, the specialized government bond market has become an important medium and long-term capital mobilization channel for the State budget, associated with the restructuring of government debt through the issuance of long-term bonds and the diversification of investors.
The State Bank of Vietnam (SBV) has required that banks strictly control growth in outstanding loans, especially in the real estate sector. Bad debts need to be maintained at below 3 per cent.
Stock prices remain quite cheap given anticipated 2021 profits and potential profits in 2022. If businesses can maintain growth of 27 per cent in 2022, stocks will be trading at 13.2-times 2022 profit.
The Ho Chi Minh Stock Exchange (HoSE) has announced the establishment of a new exchange-traded fund (ETF) - IPAAM VN100 - with the stock code FUEIP100.