The banking and finance sector in Vietnam has plenty of room to develop, however, there is a lot happening already. In this section, we look at banking and finance regulations in Vietnam, lending, finance, and monetary and fiscal policy.

Vietnam’s VN-Index down 4.64 points, foreign traders net buy US$2.9 million in stocks, Friday

the-shiv September 13, 2024

The Vietnam Stock Market Tracker provides a daily update of the latest developments in the stock market in Vietnam. This includes all of Vietnam’s most important indexes as well as the buying and selling activity of foreign traders, and the biggest gainers and losers for the day.

Vietnam C.bank distributes US$20.1 million in open market operations, Friday

the-shiv September 13, 2024

This Vietnamese Dong Tracker records the latest news and developments with respect to the local currency. It includes the current prices as well as State Bank of Vietnam monetary policy and open market operations including treasury bill issuances and interbank lending.

State Bank of Vietnam returns to buying up US dollars

the-shiv September 13, 2024

Notably, this may be problematic with Vietnam already on the US currency manipulator watchlist after meeting two of the three criteria, namely a material account surplus greater than 3 percent of GDP and a goods surplus with the US greater than US$15 billion. It has thus far, however, failed to meet the third criteria: foreign currency purchases in eight out of 12 consecutive months, worth more than 2 percent of GDP…

Phu Nhuan Jewelry: Vietnam Stock Overview

the-shiv September 12, 2024

Of note, Vietnam’s gold price exhibited a dramatic upward trend from the start of 2024, culminating in a peak of VND 92.2 million per tael or US$2,981.1 per troy ounce on May 11. This price represented a premium of approximately 20 percent compared to the global gold market at that time…

Vietnam’s banks take lion’s share of Vietnam’s corporate bond debt in August

the-shiv September 11, 2024

The bulk of these corporate bonds were issued to Vietnam’s banks which is inline with observations in July that a shift is taking place. Specifically, corporate bond debt looks to be moving from the real estate and construction sectors across to the banking sector which would fit with the broader narrative around real estate firms struggling to access capital.

Asia Commercial Bank: Vietnam Stock Overview

the-shiv September 11, 2024

In the first half of 2024, ACB’s total operating income and net profit rose by 5.5 percent and 4.7 percent year-over-year respectively. This positive growth was primarily attributed to a more stable macroeconomic environment and a rebound in credit demand. As a result, the stock price has risen by 21.2 percent from the beginning of 2024 to September 9…

Gap between Vietnam bank deposits and loans issued gets wider

the-shiv September 5, 2024

This could be symptomatic of a much bigger problem in that banks are being pressured to lend in order to meet a 14 percent credit growth target set at the beginning of the year which may be contributing to rising bad debts…

REE Corporation: Vietnam Stock Overview

Huong Nguyen September 4, 2024

In the first half of 2024, REE’s revenue reached US$161.5 million, down 11.5 percent year-on-year. This is partly due to the El Niño phenomenon which has seen drought-conditions in parts of Vietnam, reducing water in hydropower catchments. Additionally, a government policy prioritizing coal-fired thermal power plants to conserve water during the dry season has limited hydropower’s participation in the electricity market…

Electronics Retailer Digiworld: Vietnam Stock Overview

Huong Nguyen September 2, 2024

As the core business of Digiworld, the electronic devices segment has been challenged by declining demand and intense competition–in the broader market, electronics retail chains like FPT Shop and Mobile World, have also closed a number of underperforming stores. With this in mind, Digiworld has implemented a horizontal development strategy, which involves adding new brands and entering new industries through mergers and acquisitions…

Vinh Hoan (seafood): Vietnam Stock Overview

the-shiv August 30, 2024

Vinh Hoan, listed on the Ho Chi Minh Stock Exchange under the ticker VHC, is a leading Vietnamese seafood company. Established in 1997, it has become one of the world’s largest pangasius exporters, with a strong presence in the US and Europe…

Gelex Electric: Vietnam Stock Overview

the-shiv August 28, 2024

Of note, in August 2024, 300 million shares in Gelex Electric were officially listed on the Ho Chi Minh Stock Exchange under the ticker GEE. Previously, the stock had been traded on the Unlisted Public Company Market…

Vietnam’s VinPearl issues new US dollar bonds in Singapore at 9.25 percent

the-shiv August 28, 2024

Vinpearl is a prominent tourism and entertainment conglomerate in Vietnam. Its well-known for its resorts, amusement parks, and cable cars. The company is also a part of Vietnam’s biggest conglomerate, VinGroup. Over the last few years, Vingroup has been struggling to develop its electric car arm, VinFast. The subsidiary reportedly lost US$2.4 billion last year with heavy losses continuing into 2024.

Vietnam Stock Market Indexes: Ultimate Guide 2024

the-shiv August 23, 2024

The Vietnam stock market index most commonly used is the VN-Index. This is made up of a basket of stocks listed on the Ho Chi Minh City Stock Exchange–or HoSE for short–and is published and analysed in most major news publications in Vietnam daily. That said, there are several other

Vietnam Stock Review: Techcombank

the-shiv August 22, 2024

In 2023, pre-tax profit and total operating income went on to decline by 10.5 percent and 1.2 percent year-over-year, respectively, mostly due to rising interest costs on deposits outpacing income from lending. This was common among many banks that had aggressively mobilized capital at high interest rates in late 2022 but subsequently struggled to lend after the housing bubble bursting in October of that year. That said, 2023 was a better year, with the stock price rising 45 percent from November 2022 to December 2023.

Delistings grow for Vietnam’s key stock exchange

the-shiv August 22, 2024

Delisted stocks are moved to the Hanoi Stock Exchange or Unlisted Public Companies exchange, but trading on these platforms can be risky. Due to limited information and a smaller trading pool, they can be more susceptible to speculation and price volatility. This can make it challenging to accurately assess a company’s value and increase the risk of investment losses.

Two Vietnam stocks in, two out in frontier markets index review

the-shiv August 14, 2024

MSCI has removed Vietnam’s EVN Finance and Petrovietnam Nhon Trach shares from its Frontier Markets Index as part of its August Index Review. On the flip side, it has added Vietnam’s Binh Duong Water and Nam A Bank to the index. Of note, Vietnam’s stock market indexes have been in the news a lot lately as the country pushes for an upgrade from a frontier to an emerging market. There are, however, a number of obstacles still standing in the local bourse’s path before an upgrade can be made.

Insurance in Vietnam: Industry Overview 2024

the-shiv August 13, 2024

Vietnam’s insurance industry has grown rapidly in recent years. As incomes have risen and Vietnam’s middle class has begun to accumulate valuable assets, the need for insurance has become readily apparent. This rapid rise of insurance products in Vietnam, is also partially attributable to several types of insurance being compulsory by law. This includes for motor vehicle owners and businesses in the construction sector.

The Vietnam Stock Exchange: Ultimate Guide 2024

the-shiv August 12, 2024

Stock trading in Vietnam is a relatively new phenomenon. As a result, there are only a few products, with trading on Vietnam’s key stock exchanges generally limited to the basic buying and selling of stocks and bonds. That said, reforms are being passed frequently and Vietnam’s key stock exchanges are

Elevated Vietnam banking bond issuances continue in July

the-shiv August 10, 2024

Of note, back in 2022, the construction sector dominated bond issuances, accounting for about 52.30 percent of bonds issued by the end of July that year. Banking on the other hand accounted for just 2.17 percent. At the end of July this year, however, banking accounted for 67.2 percent of the bonds issued whereas construction accounted for just 2.8 percent.

Banking in Vietnam: Industry Overview 2024

the-shiv August 8, 2024

Banking in Vietnam, for many Vietnamese, is still a relatively new concept. In fact, according to the World Bank’s Global Findex Database just 56 percent of Vietnamese over the age of 15 had a bank account in 2022, with the remaining 44 percent unbanked. The same World Bank dataset also