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Market Update 6/3: Gold prices hit a new record high, oil...
Closing the session on 5/3, concerns about China's economic growth led to a 1% decrease in oil prices, resulting in a decline in the currency while gold reached a record high due to the possibility of the US lowering interest rates in June.
BANK
Is There a Cost for Using State-Invested Expressways?
The Vietnam Road Administration has proposed two distinct toll rates for state-invested expressways, with a fee ranging from VND 900 to VND 1,300 per kilometer for standard vehicles.
VPBank aims to double retail CASA growth by 2024.
Building on the momentum of nearly doubling in 2023, VPBank is targeting to continue doubling its retail current account and savings account (CASA) deposits in 2024, in order to reduce funding costs, through a segment distribution strategy and the bank's superior digital payment solutions.
The VN-Index: Breaking its Seven-Day Winning Streak with Foreign Investors Cashing Out Big
Liquidity on both exchanges soared 32% in the afternoon session compared to the morning, with the market showing significant weakness. The VN-Index closed at the day's low, with decliners outnumbering advancers two-to-one. Foreign investors net sold over VND 1,037 billion on the HoSE, accounting for 22.7% of the exchange's total trading value.
Real estate
The Steel Industry’s Challenge: Navigating the Threats of Imports
"The domestic steel industry is at a critical juncture. Without timely and adequate support, coupled with protective measures, the local market is at risk of falling into the hands of foreign producers. This is a crucial time to bolster our domestic steel sector and ensure its survival and prosperity in the face of global competition."
Gold price will keep rising until Decree 24 is fixed
Since the beginning of the year, the price of SJC gold and jewelry has been steadily increasing and setting new records. According to many experts, the domestic gold price will continue to rise sharply in the near future if the State Bank of Vietnam fails to promptly amend Decree 24 to supplement the supply for the market.
Two adjacent towns near Ho Chi Minh City will be considered for upgrading to...
The 31st Session of the Standing Committee of the National Assembly is expected to take place over a span of 3.5 days, from March 14th to March 19th, 2024.
Unleashing Investment Performance with ACBS’s 7% Margin Loan Package
ACB Securities (ACBS) is thrilled to introduce its new MARGIN LOAN PACKAGE with an industry-leading interest rate of just 7%. This incredible offer is available to all new margin account openings from August 1, 2024, to October 31, 2024, providing a generous 90-day promotional period.
15-Year Record Revenue: Ninh Van Bay Returns to Profitability After Two Consecutive Quarters of...
In the first quarter of 2024, Ninh Van Bay recorded a net profit of VND3.6 billion after suffering a loss of VND5.6 billion in the same period last year. This result is considered a positive sign for the resort real estate business after consecutive losses in the previous two quarters.
Market
Mooncakes Take to the Streets, Vendors Stock Up Sparingly
With less than a month to go until the Mid-Autumn Festival 2024, many mooncake retailers have cautiously commenced sales, opting to stock limited quantities.
With less than a month to go until the Mid-Autumn Festival 2024, many mooncake retailers have cautiously commenced sales, opting to stock limited quantities.