Việt Nam News

“Fly first - Pay later” is an 100 per cent online financial product that first appeared on the Vietnamese market, disbursed within three minutes with a limit of VNĐ10 million to buy Vietjet air tickets and flexible installment terms for up to six months.

Shares started the week on a negative note, hammered by losses in multiple sectors facing strong correction pressure during the trading time.

Despite difficulties due to high inflation, declining net interest income (NIM) and rising bad debts, analysts say Vietnamese banks can overcome risks related asset quality thanks to their large reserve buffers and tight control in lending highly risky areas.

The international trade show on information technology, telecommunication and electronic products (ICT COMM) and the International Exhibition of Film and Television Technology (Telefilm Vietnam) opened on June 9 at the Saigon Exhibition and Convention Centre.

Deputy Prime Minister Lê Minh Khái clarified a number of issues raised by National Assembly (NA) deputies regarding banking activities as part of the ongoing NA third meeting's question-and-answer session on June 9.

Việt Nam’s economy is recovering and businesses are in dire need of capital, especially “cheap” (low interest rate) capital to revive and develop their production and business activities post pandemic. Economist Vũ Đình Ánh talked to the Vietnam News Agency Television about the credit growth and the interest rate towards the end of this year.

Deposit interest rate in the second half of this year might be adjusted up some 0.3 to 0.5 percentage points, experts forecast.

Vietnamese shares settled lower on Friday, dragged by banking and securities stocks.

Banks have been promoting a target of diversifying income sources to reduce dependence on credit.  

Risk aversion dominated markets on Thursday as stocks across all sectors witnessed a strong sell-off.

Many banks have recently announced they will issue a large number of shares under the employee stock ownership plans (ESOP) to retain good employees and increase capital.

Shares reversed course to end on Tuesday, pressured by the selling force hitting a series of large-cap stock groups.

Shares had a good start on Monday, driven by the strong growth of blue chips in the banking and aviation stock groups.