Other sectors, including securities, real estate, construction, production, utilities and IT, also posted good performance. Property developer Vinhomes JSC (VHM), SSI Securities Corporation (SSI), Vingroup Joint Stock Company (VIC) and Viet Nam Dairy Products Joint Stock Company (VNM) increased by 0.71 - 4.53 per cent. … [Read more...] about Market edges higher on the back of large-cap stocks
Promising cancer cure hits the market
Analysis: Biden’s $1.9 trillion rescue package offers bridge for hard-hit economy
“I don’t know that we completely understand all the impacts of shoving this much money into the economy when a significant portion of the economy is still constrained from the pandemic,” said University of Oregon economics professor Tim Duy. … [Read more...] about Analysis: Biden’s $1.9 trillion rescue package offers bridge for hard-hit economy
Shares advance, VN-Index back to 1,190 point level
The gain of large-cap stocks still contributed to the increase of the market in general. The VN30-Index increased 1.17 per cent to end the morning trading session at 1,182.7 points. Twenty of the 30 large-cap stocks in the VN30 basket advanced, while only seven declined. … [Read more...] about Shares advance, VN-Index back to 1,190 point level
SCIC reports $286 million in pre-tax profit for 2020
The divestment of State capital in the SCIC’s enterprises was implemented in line with legal regulations, ensuring publicity and transparency, achieving high efficiency, and preserving and developing State capital, Thanh said. … [Read more...] about SCIC reports $286 million in pre-tax profit for 2020
Additional 40 million USD for Vietnamese bank to aid SMEs amid COVID-19
He stated to provide the maximum support for SMEs, the bank is reviewing and adjusting its credit programmes to make them more suitable to the current situation while continuing the implementation of preferential policies for firms to access capital and restore operations, thus helping with the recovery of the national economy. “Our experience from past shocks, including the global financial crisis 2008, has taught us that micro, small and medium enterprises are especially impacted by the current crisis. Keeping them solvent is therefore key to saving jobs and limiting the economic damage,” said Kyle Kelhofer, IFC Country Manager for Vietnam, Cambodia and Laos. He noted the IFC’s support to OCB will not only help the bank extend payment relief to clients but also enable it to offer new loans to SMEs, supporting continued operations and preserving jobs, thereby accelerating Vietnam’s economic recovery. The loan was part of the IFC’s COVID-19 fast-track … [Read more...] about Additional 40 million USD for Vietnamese bank to aid SMEs amid COVID-19
