Ministry to loosen credit quota for securities

Ministry of Finance’s proposal to increase the quota for credit poured into the securities sector is largely backed by market experts.

Prime Minister requests 12 solutions to promote digital enterprises

Prime Minister Nguyễn Xuân Phúc has signed a directive to promote the development of digital enterprises in Việt Nam with a target of developing 100,000 tech firms by 2030.

IT firm lists on HCM City stock market Joint Stock Company for Telecoms and Informatics (code: ICT) listed nearly 32.2 million shares on the HCM Stock Exchange on January 15 at a reference price of VNĐ23,100 (US$0.99).

Vietcombank reports near US$1 billion in 2019 profit Total profit in 2019 increased by 26 per cent year on year to VNĐ23.15 trillion (nearly US$1 billion), the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) announced on Friday.

Banks rush to issue bonds ahead of capital requirement deadline Rising medium- and long-term capital demands to meet stricter regulations on credit safety limits and capital adequacy early next year were putting pressure on commercial banks to issue bonds in the final months of the year, experts said.

G-bond market aims to become a safe and effective investment tool Việt Nam’s Government bond (G-bond) market would become a safe, effective and highly lucrative investment mechanism for commercial banks, insurance networks, investment funds and foreign investors.

SeABank's strong impression in the first nine months of 2019 According to the State Bank of Vietnam, the banking sector’s business performance in the first nine months of 2019 has been continuously improved with results in terms of profits and credit growth. Besides such positive indicators, many banks also made a strong impression with significant events.

Banks report higher profit A recent survey from the State bank of Viet Nam showed that as of September 26, credit growth was recorded at 8.64 per cent and capital mobilisation rose by 9.03 per cent.

Finance ministry to announce over 750 firms delaying listing A list of 755 enterprises failing to register to list on the stock market after privatisation will soon be announced.

Banks forecast strong performance despite credit slowdown Most domestic credit institutions and foreign banks’ branches in Việt Nam expect their business performance in 2019 to be better than last year despite the predicted slowdown in credit growth, according to the State Bank of Việt Nam's latest survey released late last week.