Tags: ssi

COVID-19 hits profitability of national banking sector

COVID-19 hits profitability of national banking sector

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.

Vietnam’s economic growth in 2020 driven by traditional sectors

Vietnam’s economic growth in 2020 driven by traditional sectors

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.

Garment and textile exports likely to reach US$42 billion in 2020: SSI

Garment and textile exports likely to reach US$42 billion in 2020: SSI

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.

Bank lending rates expected to fall in 2020

Bank lending rates expected to fall in 2020

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.