Le Quang Minh of Mirae Asset added that the market has already shown signs of this happening. The last sessions of last week showed that there was mounting selling pressure in small- and medium- caps, which was offset by the heat of the VN30 basket of Vietnam’s biggest caps. … [Read more...] about VN-Index poised to breach historical peak
Mirae asset
Shares soars, analysts predict historic level of 1,204 points for VN-Index soon
Other heavyweight stocks such as Vincom Retail (VRE), Vinamilk (VNM), Vietjet (VJC), Sacombank (STB), sugarmaker Thanh Thanh Cong-Bien Hoa SJC (SBT), PV Power (POW), Mobile World Investment (MWG) and Khang Dien Housing Trading and Investment (KDH) all climbed between 3-6.7 per cent each. … [Read more...] about Shares soars, analysts predict historic level of 1,204 points for VN-Index soon
Clearing path for safer corporate bond market
“Amid unfavourable market conditions for new share issuance, listed companies have been issuing bonds as an alternative to capital mobilisation from stock markets, with new bond issuances soaring nearly 70 per cent on-year,” said Tran Nguyen, analyst at Mirae Asset Securities. “Rising financing demand after the lockdown period was in line with our expectation. We expect a revival of new issuances by corporates in the rest of the year to finance business recovery, fuelled by tightening banking credit standards for new loans.” … [Read more...] about Clearing path for safer corporate bond market
Vietnam primed for credit rating agency to boost bond market
Nguyen Hoang Duong, deputy director-general of the Department of Banking and Financial Institutions under the Ministry of Finance, says Vietnam’s handling of the Covid-19 crisis has boosted the prestige and ranking of its financial market, further underscoring the need for credit rating agencies to improve its openness and transparency. … [Read more...] about Vietnam primed for credit rating agency to boost bond market
Non-bank lending an emerging solution
Vu Ngan Ha, business strategy director of Vina Digital Finance Platform Co., Ltd., a subsidiary of South Korea-based Mirae Asset Consulting, said that amid the pandemic, the company has financed up to 50 SMEs. And for each customer, the amount of loans can oscillate between VND2 billion ($87,000) and VND10 billion ($435,000). … [Read more...] about Non-bank lending an emerging solution
