Moody’s maintains ratings for BIDV

Moody’s has announced to maintain the ratings of the Joint Stock Commercial Bank for Investment and Development of Việt Nam (BIDV).

Surge in new traders fuels market gains Shares climbed on Friday thanks to a strong boost from massive surge in new trading accounts opened by punters seeking to bottom fish from a giant slump in COVID-19 time.

VN-Index rebounds, propped up by PMI data and interest cuts

Việt Nam’s benchmark VN-Index surged on Wednesday after a six-day losing streak as investor sentiment improved following solid data of PMI in June and steep cuts in interest rates of some banks.

Việt Nam should develop a gambling industry to boost tourism2 With a large development potential of prize-winning entertainment industry such as horse racing and sports totalised and casino, Việt Nam can add some billion of greenback to the budget each year and boost the COVID-19 affected tourism

Shares set to gain on corporate earning hopes

According to analysts from MBS Securities JSC, short-term correcting pressures have passed and caused no significant disturbance.

Firms with greenback loans see more positive outlook in Q2 2020

Firms with US dollar-denominated debts estimate to regain significantly in the second quarter of this year as the US dollar has devalued against the Vietnamese đồng in the period after reporting a surge in the first quarter.

Shares retreat on divergence of large-caps The blue-chip share tracker VN30-Index dropped 0.3 per cent to 796.43 points.

Banks continue to depreciate the greenback After four sessions of appreciating the US dollar against the Vietnamese đồng, the State Bank of Việt Nam (SBV) adjusted the greenback down on Tuesday, while commercial banks followed the trend.

Shares gain on bargain hunting Shares recovered on Tuesday after suffering sharp drops in the last three trading sessions as investors sought bargain in beaten-down stocks.

Credit institutions must speed up restructuring to meet deadline

Some credit institutions (CIs) that have not yet completed their restructuring roadmap will have to speed up to meet the State Bank of Việt Nam (SBV)’s deadline this year.