According to draft regulations on the implementation of the new Law on Securities, issuers of public bonds, whose total bonds outstanding as of the registration of public bond issuance is greater than 100 percent of equity and whose total bond issuance value in the last 12 months is greater than 50 percent of equity, must perform a credit rating. These regulations will create demand for using credit rating service and encourage development of a credit culture. … [Read more...] about Vietnam primed for credit rating agency to boost bond market
Total bond market index fund
Panic selling sends VN-Index to biggest losing session in six months
New investors had flocked to the stock market in the past months to ride the VN-Index’s impressive recovery as Covid-19 dampened the charm of other investment channels such as savings and real estate. According to the Vietnam Securities Depository, last December, over 60,000 new accounts were opened at securities companies. … [Read more...] about Panic selling sends VN-Index to biggest losing session in six months
VN-Index suffers biggest lost since Q1/2020, liquidity hits record
Before Tuesday’s session, the VN-Index rose nearly 8 per cent since early January. Looking back to 2020, the market was on an uptrend since August and the VN-Index has gained nearly 50 per cent from 798 points seen on August 20 to 1,191 points on Monday. … [Read more...] about VN-Index suffers biggest lost since Q1/2020, liquidity hits record
Stocks drop sharply after a bull run
In the VN30 basket, retailer VRE fell slightly, closing the day down 0.13% to VND37,300. Refrigeration electric engineering corporation REE and real estate developer NVL fell 2% to VND52,800 and 2.4% to VND70,000, respectively. Others like VJC, SAB, SBT, VCB, VHM, MSN and VNM lost 3-5% while MWG, KDH, PLX, PNJ, EIB, GAS, TCB, FPT and HPG shed 5-6.7%. … [Read more...] about Stocks drop sharply after a bull run
Insurance industry continues good trends in 2021
But the demand for health and life insurance products has recovered fairly well after a period of social distancing. The revenue of the segment mainly dropped in the social distancing period in March and April 2020, but then has recovered strongly. According to the Association of Vietnam Insurance, the health and life insurance premium revenue in the first three quarters of 2020 increased by 25.6 per cent and 21.2 per cent, respectively, against the same period of the previous year. … [Read more...] about Insurance industry continues good trends in 2021