Shares rose on both local markets on Monday but market growth slowed down during the day as banks and brokerages failed to extend gains.
Australian-owned Gloria Jean’s Coffees recently decided to close its last store in Việt Nam, ending a 10-year stint in Hồ Chí Minh City and Hà Nội due to slow expansion, high rents and an unsuitable business model.
Shares picked up in both local markets yesterday as investor confidence turned positive after a meeting between the Prime Minister and local businesses.
Commercial banks have consistently recruited thousand of new employees, especially for retail banking services, to meet business targets in 2017.
Việt Nam’s benchmark VN-Index is expected to rise further this week and meet a strong test to get past the level of 730 points.
The ratio of non-performing loans (NPLs) at banks in the first quarter of this year was varied, according to a daily report by Bảo Việt Securities Corp (BVSC).
Shares advanced in both local markets on Friday, driven by property developers and energy companies.
Việt Nam’s key VN Index inched up on Thursday as investors sought short-term profits in recently-gaining stocks.
Việt Nam’s key VN Index extended growth for a second day on Wednesday as bank stocks were boosted by strong foreign investment.
It is the bank shareholders meeting season, and topping the agenda, besides the dividend payout ratio, is increasing their regulatory capital.