Việt Nam News

Vietnam Thương Tín Commercial Joint Stock Bank (Vietbank - VBB) plans to make a public issue of 100,000 bonds worth VNĐ1trillion (US$41.17 million).

According to HoREA, the pilot resolution has created conditions for credit institutions to effectively manage bad debts since 2017, especially collateral assets of real estate projects, but it expired on December 31, 2023.

The HCM Stock Exchange (HoSE) has announced that as of December 29, 2023, there had been 42 enterprises with capitalisation of over US$1 billion listed on the HoSE.

The Ministry of Industry and Trade urged Vietnamese exporters and industries to closely watch the situation in the Red Sea, prepare contingency plans for import-export activities, keep close contact with foreign partners and diversify sources to protect the supply chain.

While this uptick signals gradual stabilisation, it's vital to highlight that the BCI has remained below the midpoint since Q4 2022. Notably, over one-third of businesses anticipate underperformance, underlining a cautious outlook amid persistent market weaknesses.

Businesses need to be cautious about new information and contact import-export management authorities to avoid international trade fraud.

VPS Securities Joint Stock Company remained the top stock brokerage last quarter with a 19.9 per cent market share, with SSI Securities Corporation a distant second with 9.78 per cent, according to data released by the HCM Stock Exchange.

The Vietnamese stock market increased on Monday in line with the short-term uptrend, while foreign investors continued the net selling.

As the domestic economy is forecast to continue facing numerous difficulties and challenges together with complicated global economic developments, Prime Minister Phạm Minh Chính asks the central bank to keep a close watch, and raise monetary policies promptly, proactively and flexibly.

Despite challenges, the group was able to achieve a total import-export turnover of $675 million, with exports reaching $465 million or 90 per cent of the year's plan.

VinFast and the State Government will work toward a total investment of up to US$2 billion, with an intended commitment of $500 million for the first phase of the Project, spanning five years from the commencement date. This move indicates a significant step in VinFast's expansion into the world's third-largest vehicle market.

Despite a sluggish period in 2023, dealmakers are anticipated to be driven by several factors that will stimulate transaction activity next year.

Expanding customer bases and diversifying products are the necessary solutions to maintain production and grow businesses, experts say.

Experts say Việt Nam's industrialisation and modernisation strategy for the 2021-2030 period, with a vision to 2045, needs to adapt to rapidly changing domestic and international contexts.

Domestic consumption is one among three drivers for growth, besides investment and export, and is the only pillar which finished the target last year with the total retail sales of goods and services rising by 9.6 per cent.

Measures to achieve this growth target include speeding up public spending, enhancing public services, streamlining administrative reform, controlling inflation and stabilising the macro-economy.

After many days under strong fluctuation, domestic gold price has become more stable after the issuance of the SBV’s Decision 02/QĐ-NHNN.

This year is expected to mark the final stage of overcoming obstacles in the Vietnamese real estate market. The market will gradually achieve stability, potentially leading to a more positive outlook.