Some private banks have recently started to inch up interest rates mainly for short terms of less than five months to 2.5-3.8 per cent per year to attract more depositors after the Lunar New Year.
MB Securities Corp’s (MBS) hopes to earn revenue and pre-tax profit of VND1.17 trillion (US$50 million) and VND360 billion in 2019, up by 11 per cent and 78 per cent year-on-year, respectively.
The Ho Chi Minh Security Exchange (HOSE) announced 172 million shares
worth some US$130 million were successfully auctioned in the first
quarter of 2016.
Since early February the ASEAN Deep Value Fund
has been acquiring more shares of Hong Ha Viet Nam Joint Stock Company
(PHH) and Thanh Nam Investment and Construction Joint Stock Company
(CSC).
VIT Securities will merge with MB Securities on November 1 in Viet
Nam''s first merger between securities firms, which recently received
approval from the State Securities Commission.