The main investment forms of the social insurance fund are the purchase of G-bonds, the loans for State budget and deposits at commercial banks. — Photo tinnhanhchungkhoan.vn About 90 per cent of social insurance funds are currently invested in government bonds (G-bonds), Dao Viet Anh, deputy general director of Viet Nam Social Security (VSS) said at a seminar last week. The annual average investment interest rate of the entire social insurance fund in 2017 was 7.25 per cent. Anh said that when investing, the VSS always considered factors such as market, liquidity and especially the safety of the fund. The social insurance fund invested in G-bonds helped secure the fund while raising capital for development investment, contributing to the restructuring of public debt and overspending, Anh said. The participation of the social insurance fund in the government bond market also significantly increased the term of government bonds. If in the past, the longest term for G-bonds was … [Read more...] about 90% of social insurance fund invested in G-bonds
Dipping sticks breaking bad
Banks to prioritise senior staff, capital increases at this year’s AGMs
Techcombank is due to submit a proposal for eight members of the banks Board of Directors (BoD) and three members of its supervisory board (SB) for the 2019-24 period.— Photo techcombank Changes in senior personnel, listing on the securities market, raising capital and the settlement of bad debts are expected to be the top priorities of banks at their upcoming annual general meetings (AGM) this month. At the AGMs this year, many banks are expected to make major changes in the selection of their top personnel for the upcoming term from 2019 to 2024. Techcombank is due to submit a proposal for eight members of the banks Board of Directors (BoD) and three members of its supervisory board (SB) for the 2019-24 period. Military Bank will also consult its shareholders about a plan to elect the BoD and the SB with the intention of having five members in the BoD and three members of the SB. SCB will also hold a general meeting this month, where it will change the BoD and SB for the next … [Read more...] about Banks to prioritise senior staff, capital increases at this year’s AGMs
