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Margin loans to securities firms on rise 09:00 | 10/03/2021
Margin loans are taking off, with banks sponsoring securities firms, photo Le toan
A variety of stimulative efforts by the Vietnamese government to support the domestic economy has consequently created a springboard for stocks to surge. The fear of missing out has also pushed many local and foreign banks to allocate more funds into brokerages under the so-called margin loans, thus giving investors greater buying power.
The financial statements of 25 securities firms with large outstanding loan balances to customers showed that as of the end of 2020, their total debts reached VND84.97 trillion ($3.66 billion), an increase of 48.9 per cent against the beginning of the year and up 24.9 per cent against the third quarter of 2020. Meanwhile, short-term loans from banks were VND76.85 trillion ($3.31 billion), up 65 per cent against the beginning of this year and 28.6 per cent compared with thre
Insurance firms struggle to attract investors despite good performance 09:05 | 11/01/2021
Insurance companies performed well in Vietnam during the COVID-19 pandemic, but their shares have not attracted much attention from investors.
Share prices of BVH decreased more than 4 percent despite an increase of 29.4 percent in the company s profit after taxes. (Photo: baoviet.com)
Hanoi - Insurance companies performed well in Vietnam during the COVID-19 pandemic, but their shares have not attracted much attention from investors.
There are 11 insurance firms listed in Vietnam s stock market with three companies on UPCOM.
In 2020, Bao Minh Insurance Corporation (BMI) shares recorded a growth of nearly 22 percent, while Bao Viet Holdings (BVH) and BIDV Insurance Corporation (BIC) decreased by 4.3 percent and 9 percent respectively.
Update: January, 09/2021 - 08:32 |
Share prices of BVH decreased more than 4 per cent despite an increase of 29.4 per cent in the company s profit after taxes. Photo baoviet.com
HÀ NỘI Insurance companies performed well in Việt Nam during the COVID-19 pandemic, but their shares have not attracted much attention from investors.
There are 11 insurance firms listed in Việt Nam s stock market with three companies in UPCOM.
In 2020, Bảo Minh Insurance Corporation (BMI) shares recorded a growth of nearly 22 per cent, while Bảo Việt Holdings (BVH) and BIDV Insurance Corporation (BIC) decreased by 4.3 per cent and 9 per cent respectively.
Saturday, December 26, 2020, 07:32 GMT+7
An aerial view of the pedestrian zone around Hoan Kiem Lake in Hanoi, Vietnam. Photo: Nam Tran / Tuoi Tre
Read what is in the news today:
Society A Brazilian man and five Vietnamese citizens were confirmed positive for COVID-19 on Friday, bringing the patient tally to 1,439, with 1,303 recoveries and 35 virus-related deaths. The People’s Committee of Hanoi announced organizing firework displays at Hoan Kiem Lake, Thong Nhat Park, and My Dinh National Stadium at midnight on New Year’s Eve. A 63-year-old woman fell to her death from the 16th floor of a building at the Sunview Town apartment complex in Thu Duc District, Ho Chi Minh City at around 3:30 pm on Friday, according to the locals’ report to police officers.