Bao Viet Securities Company (BVS) expects Viet Nam''s stock market might attract up to US$1.4 billion from index tracking funds, if Viet Nam is officially upgraded to a secondary emerging market by FTSE.
Bao Viet Securities Company (BVSC) reported a realised after-tax profit of VND127.9 billion (US$5.4 million) last year, completing 102 per cent of its plan.
The State Bank of Việt Nam (SBV) net injected more than VNĐ5.51 trillion (US$236.69 million) into the market last week to support the liquidity of the banking system.
Eight large-cap stocks may be included in the Financial Times Stock Exchange (FTSE) Emerging Markets Index if Viet Nam gets upgraded from a frontier to an emerging market in 2020, according to Bao Viet Securities Company (BVSC).
The Hau Giang Pharmaceutical Joint Stock Company (DHG) is expected to attain post-tax profit of VND705 billion in 2018, up 10 per cent year-on-year, Bao Viet Securities Company (BVSC) forecasts.
The Vietnamese dong will not depreciate much against the US dollar in the second half of this year, so the whole year’s slide will be 3 per cent at the most, the Bao Viet Securities Company (BVSC) has forecast.
State Bank of Viet Nam (SBV) has continued net cash injections into the monetary market for three consecutive weeks to support the liquidity of the banking system.