vietnams stock market eyes upgrade sets strategic dialogue in hong kong

Vietnam's stock market eyes upgrade, sets strategic dialogue in Hong Kong

Vietnam's stock market is setting its sights on a promotion from a 'frontier' to an 'emerging' status, launching a strategic dialogue with rating organisations in Hong Kong at the end of August. This marks a key milestone on its economic roadmap, which requires the concerted effort of multiple government departments.
mb posts stellar performance in h1

MB posts stellar performance in H1

Military Commercial Joint Stock Bank (MB Bank) has affirmed its position by recording robust business results in the first half of 2023, maintaining momentum in the execution of its strategic plan.
yen swings after bank of japan policy tweak asian equities mixed

Yen swings after Bank of Japan policy tweak, Asian equities mixed

The yen fluctuated Friday after Japan's central bank tweaked its ultra-loose monetary policy, while other Asian stocks were mixed after forecast-beating US data revived concerns the Federal Reserve could hike interest rates further.
shb and seabank enter vn30 index

SHB and SeABank enter VN30 Index

SHB and SeABank have secured spots in the Ho Chi Minh City Stock Exchange's (HSX) VN30 Index, a notable indicator of industry leadership and robust performance within Vietnam's financial sector.
divergence in profit forecasts likely heading into 2024

Divergence in profit forecasts likely heading into 2024

Multiple securities reports have forecasted that the pre-tax profit of the entire banking industry will experience a deceleration and subsequently exhibit a significant divergence over the next year, but bank stocks are still highly sought after.
instability remains risk for bond market

Instability remains risk for bond market

Though the recent inauguration of a private corporate bond trading platform is a substantial advancement towards improved market liquidity and transparency, significant work still lies ahead to harmonise the market with Vietnam’s economic progression and bolster investor safeguards.
hnx launches new trading platform for privately issued corporate bonds

HNX launches new trading platform for privately issued corporate bonds

The Hanoi Stock Exchange (HNX) launched a dedicated trading platform for privately issued corporate bonds on July 19, a strategic move that is set to list over 1,600 individual corporate bond tickers for trading.
vpbank ceo outlines policy responses and growth prospects amidst economic challenges

VPBank CEO outlines policy responses and growth prospects amidst economic challenges

At a virtual conference on July 16 to review the Vietnamese banking sector's first-half performance and plot its course for the remainder of the year, Nguyen Duc Vinh, CEO of Vietnam Prosperity Joint-Stock Commercial Bank (VPBank), underscored the decisive role of the government and various sectors in stimulating the national economy.
vietnam prepares for launch of corporate bond trading platform

Vietnam prepares for launch of corporate bond trading platform

The Hanoi Stock Exchange (HNX) and Vietnam Securities Depository (VSD) are gearing up for the official launch of a dedicated platform for corporate bonds on July 19, having completed rigorous system tests and operational guidelines.
major bourses to hail raft of fresh supplies

Major bourses to hail raft of fresh supplies

Two major bourses are about to draw a large volume of new stocks from fresh comers, additional issuances, and those being removed from the unlisted public company market (UPCoM).
panamanian ship rescued south central waters

Panamanian ship rescued south-central waters

Rescue vessels of the Marine Services Joint Stock Company under the Saigon Tan Cang Corporation and the Vietnam People’s Navy on July 10 took measures to help a Panamanian ship which has been stranded in the waters of the south-central province of Binh Thuan.
everpia launch the first green building factory in vietnam

Everpia launch the first green building factory in Vietnam

Everpia Corporation (HSX:EVE), one of the first South Korean enterprises in Vietnam and the first foreign-invested enterprise to list on the stock exchange, has seen its factory at Giang Dien Industrial Zone be awarded the EDGE Advanced green certificate with recognition by the World Bank as a green building.
shb courts foreign stakeholders with 22 billion valuation

SHB courts foreign stakeholders with $2.2 billion valuation

Saigon-Hanoi Commercial Joint-Stock Bank (SHB) is engaged in discussions to offload up to a fifth of its equity to overseas investors, according to sources familiar with the matter. The impending deal, which values the Vietnamese lender at between $2 billion and $2.2 billion, is attracting considerable interest from a host of investors, notably those hailing from South Korea and Japan.
norwegian fund expected to lead seabank private share offering

Norwegian fund expected to lead SeABank private share offering

Southeast Asia Commercial Joint-Stock Bank (SeABank) plans to issue up to 94.6 million shares, with the Norwegian Investment Fund, Norfund, being the expected primary investor, signifying a significant bolstering of foreign investment.
scb announces branch closures amidst restructuring

SCB announces branch closures amidst restructuring

Saigon Commercial Joint-Stock Bank (SCB) is closing several branches as part of its restructuring efforts. The bank has reassured customers that their rights and transactions are guaranteed, and that it is complying with directives laid out by the State Bank of Vietnam (SBV).