The Government has finally announced a roadmap to increase charter capital for large State-owned banks in the first quarter of this year.
Instead of the modest contribution made previously, the insurance business segment, or bancassurance (banks co-operate with insurers to sell insurance products), has now become the main source of income from service activities for many banks.
Covered warrants will be an alternative technical tool as foreign investors are not limited to buy the securities product and can freely trade it as domestic investors do.
Liquidity in the interbank market has been abundant, helping the State Bank of Vietnam (SBV) resume the issuance of treasury bills after five months to withdraw Vietnamese dong from the banking system.
The State Bank of Vietnam (SBV) may sell part of its foreign reserves to stabilise the monetary market if the exchange rate continues to climb, the Saigon Securities Incorporation (SSI) forecast.
Saigon Securities Incorporation (SSI) remained the largest broker in Vietnam in the second quarter of 2018, accounting for 23.08% of the brokerage market share, according to the Ho Chi Minh City Stock Exchange (HoSE).
Saigon Securities Incorporation (SSI) targets pre-tax profits of VND1.615 trillion (US$70.8 million) on revenues of VND3.41 trillion (US$149.56 million) this year, year-on-year increases of 12% and 15%.
Demand for Government bonds has hit a seven-month high, helping the State Treasury successfully issue all 5-15 year bonds worth VND4 trillion (US$175.43 million) set for bidding last week.
Saigon Securities Incorporation (SSI) has decided to issue bonds worth VND300 billion (US$13.3 million) to financial and credit institutions.
The central bank must push up banking restructuring and settlement of bad debt to ease pressure on rate hikes and keep rates stable this year, experts agreed at an online meeting on March 28 on 2017 interest rate trends.
Analysts of the Retail Research and Investment Advisory Division at Saigon Securities Incorporation (SSI) have predicted 2017 will be a challenging year for banks to increase their Net Interest Margin (NIM).
The State Capital Investment Corporation once again displayed its determination to divest from state-owned firms, most notably by selling 9% of the dairy giant Vinamilk in December.