Proprietary trading benefits securities companies
HCMC Securities Corporation (HSC) reported VNĐ325 billion in pre-tax profit in the first quarter of this year, a year-on-year increase of 250 per cent.
According to the Việt Nam Real Estate Brokers Association last year around 23,000 units of condotels, or condo-hotels, were offered for sale, and 65-70 per cent of them were snapped up. However, demand for condotels seems to be falling.
Though the interest rates on government bonds with maturity terms of one to 15 years have increased in recent times, there seems to be little appetite for them among investors.
According to statistics from the State Bank of Việt Nam (SBV), as of May, State-owned banks’ combined equity was VNĐ252.472 trillion (US$10.83 billion), down 0.86 per cent.
Many banks are likely to seek an increase in their credit limits like they did in previous years when they used up their assigned quota halfway through the year.
Toyota Việt Nam has asked the Vĩnh Phúc Province People’s Committee to lease 9.1 hectares of land in Phúc Yên city to expand its plant and increase its annual capacity from the current 50,000 units to 90,000 by 2023.
Analysts say the main reason for the tourist industry’s modest participation in the stock market is that a majority of its companies are too small and fear they will be ignored by investors.
Last month, Toyota Việt Nam unveiled the recommended retail prices for its first shipment of cars imported from Indonesia at zero tax, and most of them are higher than before the policy of zero tariffs took effect.
Analysts attributed the excellent performances in the banking sector this year to sharp credit growth.
The shares of many textile and apparel companies are on a downward trend. This is a paradoxical situation since most textile companies are doing pretty well on the business front.