Mirae assets

According to brokerage SSI Securities Corporation, profits of listed companies are forecast to rise by 23 percent after falling 17 percent in 2020, while liquidity in the form of investment by retail investors, especially those entering the market for the first time, is expected to drive the market this year. … [Read more...] about VN-Index poised to breach historical peak

Le Quang Minh, head of analysis at Mirae Asset Securities (Vietnam), predicted this would likely happen in the next 2-3 sessions. According to Minh, the domestic cash flow was still the main driver for the Index to go up. Large-cap stocks, especially real estate groups such as Vingroup, Vinhomes and Novaland led the market. … [Read more...] about Shares soars, analysts predict historic level of 1,204 points for VN-Index soon

Experts from law firm LNT & Partners noted in October that the outstanding amount of corporate bonds in the form of private placement (including the anticipated number of bonds to be issued) must not by five times exceed the equity of owners at the time of the issuance in accordance with the most recent quarterly financial report. Credit ratings can help issuers to secure more favourable terms including longer tenors and lower credit spread. This lowers borrowers’ cost of capital and spurs economic growth. … [Read more...] about Clearing path for safer corporate 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

Can Van Luc, chief economist and president of the Training and Research Institute at BIDV, claims that NDTLs play an important role in the finance supply chain. However, solutions are mainly provided by commercial traditional banks, as NDTLs such as finance companies have not yet entered the market. … [Read more...] about Non-bank lending an emerging solution