VN-Index hits 15-month peak
With a substantial influx into the market, the VN-Index reached its highest level in 15 months on March 13.
Topic: Hose
CIR at many banks in better shape
The CIR (Cost to Income Ratio) at ten of the 17 banks listed on the Ho Chi Minh Stock Exchange (HoSE) fell in the first half of 2022. Of note, the CIR of Eximbank, Sacombank, and LienVietPostBank fell 17 per cent, 9.9 per cent, and 9 per cent, respectively, compared to the first half of 2021. While LienVietPostBank’s CIR fell to 35.5 per cent, Eximbank and Sacombank’s fell sharply but were still above 40 per cent.
Performance of foreign ETFs behind domestic ETFs
Figures from BSC show that Vietnam’s stock market now has nine exchange-traded fund (ETF) certificates on HoSE. The total net asset value of these funds is estimated at $1.314 billion. Foreign ETFs, including ETF VNM and FTSE Vietnam, have performed worse than the VN-Index and domestic ETFs.