Vietnam major bourse likely to launch new trading platform KRX next month
The Ho Chi Minh Stock Exchange (HoSE) is likely to put into operation its new trading platform Korea Exchange (KRX) in May after several delays, said a brokerage executive.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
The Investor holds seminar to discuss cybersecurity in securities sector after VNDirect attack
The Investor is holding a seminar on Tuesday morning to discuss information security solutions in the securities sector after the recent attack on leading brokerage house VNDirect.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietcap jumps two notches to 6th among top brokers in Vietnam
Vietcap Securities climbed two notches to sixth place among the top ten brokers in Vietnam in the first quarter (Q1) of this year, announced the Ho Chi Minh Stock Exchange (HoSE).
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese broker VNDirect reconnected with stock exchanges after ransomware attack
VNDirect Securities JSC has been allowed to resume its connections to the Ho Chi Minh and Hanoi stock exchanges since Monday, one week after enduring a ransomware attack.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Broker VNDirect set to resume operations next Monday after ransomware attack
Leading brokerage house VNDirect Securities is completing procedures to get re-connected to the Ho Chi Minh and Hanoi stock exchanges (HoSE and HNX) with a plan to resume operations next Monday after a ransomware attack forced its suspension.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam securities firms urged to strengthen cybersecurity after VNDirect hack
The State Securities Commission (SSC), Vietnam’s stock market watchdog, has instructed securities companies to enhance cybersecurity following a ransomware attack on VNDirect Securities that left the leading broker unable to restore its trading system.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam securities stocks nosedive as cyberattack hits leading broker
Vietnamese securities stocks dropped sharply Monday afternoon after leading brokerage house VNDirect Securities said it had not been able to recover from a cyberattack that paralyzed its electronic platforms.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
VN-Index to reach 1,200-1,220 points in February: broker
Increasing domestic capital flow is likely to push Vietnam’s benchmark VN-Index towards the resistance territory of 1,200-1,220 points in February, according to VNDirect Securities.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s listed firms post over 30% rise in net profit in Q4/2023
Rebounding business activities and the previous year's low base helped the total net profit of Vietnam’s listed companies in the fourth quarter of 2023 increase by more than 30% year-on-year, according to leading broker VNDirect Securities.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
$9 bln worth of private placement corporate bonds issued in 11 months
The total value of corporate bonds issued in Vietnam via private placements in the first 11 months of the year is estimated at VND218.56 trillion ($8.98 billion), down 10.1% year-on-year, according to securities broker VNDirect.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Listed firms post lower than expected Q3 profits: broker VNDirect
Total profits posted by companies listed on the Ho Chi Minh Stock Exchange (HoSE) in the third quarter of 2023 decreased by 9% year-on-year, according to Vietnam’s leading securities broker VNDirect.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam stock market reaches 'fairly attractive' valuation territory: analyst
As interest rates bottom out and profits among listed companies start to make a recovery, buying and holding stocks for long-term investment is a worthwhile choice, said Dinh Quang Hinh, director of market strategy at VNDirect Securities Corporation’s analysis department.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Over $1.07 bln of Vietnam corporate bonds to mature in Sept
More than VND25.8 trillion ($1.07 billion) of private placement corporate bonds will mature in September, marking one of the highest months for maturity value in 2023, according to leading Vietnamese broker VNDirect.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Improved financial reporting can drive more money into Vietnam stock market
The peak season for firms releasing their regular financial reports is a key time for investors to access information about businesses and make their investment decisions.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Q2 profits of Vietnam’s listed companies drop 13%
The Q2 after-tax profits of companies listed on Vietnam’s three exchanges HoSE, HNX, UPCoM went down 12.9% year-on-year, according to leading broker VNDirect.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Over $1.17 bln of bonds to mature in August: top broker
More than VND27.9 trillion ($1.17 billion) of private placement corporate bonds will mature in August, about 31% higher than July, Vietnamese broker VNDirect estimated.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Deposit interest rates fall below 8.5%
Commercial banks have reduced their interest rates to below 8.5% for 12-month terms, except for one bank, indicating the sector is in a race to slash rates.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Gas to be key source of power in Vietnam: securities broker
The freshly approved Power Development Plan VIII (PDP VIII) is expected to open a new chapter for Vietnam's electricity industry, with gas to become a key source of power in 2021-2030, said VNDirect Securities.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
VNDirect Securities appoints first new chairman in 17 years
VNDirect Securities Corporation has appointed a new chairman after former chairwoman Pham Minh Huong became the firm’s CEO and legal representative.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Renewable energy projects face policy woes: securities broker
Renewable energy projects in Vietnam that missed the government's preferential feed-in-tariffs (FiTs) scheme will not enjoy profitability under the new price frame set by the Ministry of Industry and Trade, VNDirect Securities said in a recent report.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
China’s reopening a double-edged sword for Vietnam’s textile sector
As China reopens its economy, Vietnam’s textile-apparel sector will have the opportunity to start exporting to its northern neighbor again, but will also face competition from its main export rival to the U.S. market.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Silicon Valley Bank meltdown to have little impact on Vietnam market: top broker
The collapse of Silicon Valley Bank (SVB) in the U.S. last week is unlikely to cause systemic risks to Asian markets, including Vietnam, due to China's stable recovery, according to securities company VNDirect.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s credit growth forecast to reach 12% in 2023
Credit growth in Vietnam will hit only 12% this year due to the ailing real estate market, decelerating export growth, and high interest rates, said top broker VNDirect Securities.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
New decree expected to remove bond market bottlenecks: top broker
A new decree on private placements of corporate bonds will create a necessary legal corridor to deal with current bottlenecks in the market, according to VNDirect Securities.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Real estate market faces headwinds in 2023
Though strong economic growth would help drive up Vietnam's real estate market, analysts believe many challenges await the sector this year because of lingering economic headwinds.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Banks tipped to record 14% growth in 2023 profit: top broker
The banking sector is forecast to earn pre-tax profits of VND248.57 trillion ($10.6 billion) in 2023, up 13.7% year-on-year, according to SSI Securities.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bamboo Capital, Trungnam could benefit from new renewables price frame: securities broker
Owners of renewable energy projects in Vietnam that missed deadlines for preferential feed-in-tariffs (FiTs) like Bamboo Capital and Trungnam Group could benefit from a newly-issued purchase price frame, according to top broker VNDirect.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam foreign exchange reserves could hit $102 bln in 2023: securities broker
Vietnam’s foreign exchange reserves could increase to $102 billion by the end of 2023 from $90 billion in 2022, equivalent to 3.3 months of imports, said top broker VNDirect Securities.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Seaport industry to see brighter outlook in 2023: securities broker
The outlook for Vietnam's seaport industry may be brighter in the near future thanks to strong FDI disbursement and some trade agreements entering into force, according to VNDirect Securities.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Eight industries to benefit from China’s reopening: top broker
China's gradual easing of Covid-19 restrictions from the beginning of December and its full economic reopening expected from Q2/2023 will benefit eight industries in Vietnam, according to broker VNDirect Securities.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Stocks to become more attractive than bank deposits: VNDirect analyst
Income from the securities market is expected to increase by about 14% in 2023, meaning that stocks would be more attractive than bank deposits, said Tran Khanh Hien, chief analyst at top broker VNDirect Securities.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nearly $2.44 bln in corporate bonds to mature in Q4
Bond maturity pressure will increase from the fourth quarter of this year when VND58,840 billion ($2.44 billion) worth of corporate bonds mature, a year-on-year increase of 87.7%.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
VN-Index drops to 20-month low amid global downturn
Vietnam’s benchmark VN-Index closed Thursday at 1,074.52, down 29.74 points or 2.69% to a 20-month low, influenced by the global market downturn.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam market valuation very attractive: leading broker
Vietnam’s market valuation is very attractive to long-term investors who are looking for well-governed businesses with strong profit growth, says VNDirect.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Worst of latest stock market crisis over: top broker
Leading securities broker VNDirect says the worst part of the latest crisis to hit the Vietnamese stock market has passed and many growth supportive elements are gradually appearing.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
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