Major banks are still expecting to report growth in the first quarter and for the rest of 2020 despite the disruptions caused by the COVID-19 pandemic.
Rising medium- and long-term capital demands to meet stricter regulations on credit safety limits were putting pressure on commercial banks to issue bonds in the final months of the year.
The State Bank of Viet Nam has resumed open market operations for the first time since Tet (Lunar New Year) to improve liquidity in the banking system.
Vietnamese exports to China have slowed down after two years of spectacular growth, due to changes in the strategies of foreign-invested enterprises and Chinese demand, according to Saigon Securities Incorporation (SSI).
Interest rates on the inter-bank market have surged strongly in the past week despite the central bank’s net injection of VND14.4 trillion (US$612.76 million).
Liquidity in the banking system has improved in the past week, pushing the State Bank of Viet Nam to make a net withdrawal of VND60 trillion (US$2.55 billion).
Saigon Securities Incorporation said it has been informed by FinanceAsia that it has won two FinanceAsia awards for Best Investment Banking and Best Equity Capital Markets House.
Saigon Securities Incorporation (SSI) targets pre-tax profits of VND1.615 trillion (US$70.8 million) on revenues of VND3.41 trillion ($149.56 million) this year, year-on-year increases of 12 per cent and 15 per cent.
The State Bank of Viet Nam issued bills worth VND29 trillion (US$1.27 billion) last week, according to a report from the Saigon Securities Incorporation (SSI)’s retail research division.
The Saigon Securities Incorporation''s (SSI) on Saturday has decided to issue bonds worth VND300 billion (US$13.3million) for financial and credit institutions.
Analysts of the Retail Research and Investment Advisory Division at Saigon Securities Incorporation (SSI) have predicted 2017 will be a challenging year for banks to increase their Net Interest Margin (NIM).
Securities shares are expected to lead the market this week following
Decree 60 which allows foreign investors to increase their stakes in
Vietnamese public listed companies, according to analysts.