Despite a worldwide economy hit hard by the COVID-19 pandemic, the banking sector has still enjoyed a good first half of the year and are on course to meet targets.
Investors suffered losses with all 19 covered warrant codes that expired in April, data on the Ho Chi Minh City Stock Exchange (HoSE) showed.
VOV.VN - If the ongoing COVID-19 epidemic is successfully brought under control by the end of the second quarter then it is likely that the pre-tax profits of banks will grow at an annual rate of 7.2%, with the rate drastically falling to 0.8% if the epidemic is unable to be controlled until the end of the year, according to SSI Securities Joint Stock Company.
The volume of corporate bonds issued during February has dropped remarkably compared to the previous month due to the negative impact of the COVID-19 epidemic on the stock market.
Airlines in Vietnam are seeking to overcome the impact of the COVID-19 outbreak after seeing a sharp decline in passenger numbers.
The fears of coronavirus have clouded prospects for the global economy and caused difficulties for Vietnam's stock market.
VOV.VN - Vietnam’s GDP increased 7.02% last year, marking the second consecutive year the economic growth rate has surpassed 7%. Economists say this will create momentum for this year’s growth, which will be primarily driven by traditional sectors.
Real estate firms were the major corporate bond issuers in the market in January, according to updates from SSI Securities Corporation.
Foreign investors bought more Vietnamese stocks than they sold in January, snapping a month-long streak as net buyers after offloading shares in the last five months of 2019.
The novel coronavirus has caused problems to most of the roadway logistics firms, however at sea it is having a mixed affect.
The State Bank of Vietnam has asked credit institutions to prepare capital sources to meet borrowing demand and provide support to customers who have been affected by the coronavirus epidemic.
Competition between seaports is set to increase in 2020 when more ports open.
The Government has finally announced a roadmap to increase charter capital for large State-owned banks in the first quarter of this year.
VOV.VN - Export turnover within the textile and apparel sector is forecast to reach up to US$42 billion in 2020, representing an increase of 7.7 per cent compared to the figures from 2019, according to an updated report released by the SSI Securities Corporation.
The Vietnamese steel industry is expected to face difficulties this year due to an increase in production capacity, falling demand and protectionist measures by countries to reduce imports, according to experts.
With new drunk driving laws doubling fines and revoking driving licenses for up to two years, beer sales in Vietnam are expected to take a hit.
Foreign investors have poured around 36.4 billion USD into the Vietnamese stock market by the end of 2019, a rise of 11.6 percent from a year earlier, according to the State Securities Commission (SSC).
Vietnam’s stock market is expected to lure more foreign capital in 2020, according to brokerages.
A report by securities firm SSI on the financial and monetary market says deposit interest rates are likely to be cut by 0.5- 1 percentage point this year, and lending interest rates would also be cut by at least 0.5 percentage points as required by the Government.
The US’ imposition of duties of up to 456 percent on certain steel products shipped from Vietnam would not significantly harm the country’s steel industry, according to industry insiders.