Trend of international bonds encourages risks Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
17/05/2021 16:27 GMT+7
In the last few years, many banks have resorted to issuing international bonds in an effort to mobilize more capital. This could be a means to raise capital, but it also encourages risk situations, which must always be taken into account beforehand.
Risk from bonds
At a recent annual shareholders meeting of Saigon-Hanoi Commercial Joint Stock Bank (SHB), shareholders approved of a plan to issue international bonds of total value of US$ 500 mn with a term of three to five years under the Euro Medium Term Note program, and to list these international bonds on the Singapore Stock Exchange after the issuance was complete.
Morgan Stanley adds names of Vietnamese banks to Frontier Market Index Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
16/05/2021 08:03 GMT+7
Many Vietnamese banks have made breakthroughs in recent times and have attracted the attention of leading financial institutions in the world.
The world s leading stock index research and analysis organization Morgan Stanley Capital International (MSCI) has decided to add SHB shares of the Saigon - Hanoi Commercial Joint Stock Bank to the portfolio of the MSCI Frontier Market Index.
The MSCI Frontier Market Index consists of 81 component stocks selected from mid- and large-cap value stocks from 28 frontier markets (FM). These stocks account for about 85% of the total market capitalization adjusted for free transfer in each country. By April 30, 2021, Vietnam accounted for the highest propor
VIETNAM BUSINESS NEWS APRIL 20 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
20/04/2021 09:14 GMT+7
Foreign investment into Vietnam up sharply
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One of the bright spots in the economy during the first quarter of this year was the positive results in FDI attraction and disbursement. Figures show that, in the first 3 months of the year, total foreign investment reached over 10 billion USD, up 18.5% over the same period of last year.
A representative of this company said it will pour investment in the millions of USD into Vietnam over the next few months. The capital will be used to expand the storage of vehicles and engines and invest in advanced technology regarding engine exhaust inspection systems for automatic vehicles.
Challenge
At the time this project was approved in 2008, the Government of Vietnam planned to diversify the energy mix with a new emphasis on renewable sources. This was to keep up with the double-digit growth in electricity consumption from the previous decade a trend that was (correctly) forecasted to continue. Small hydropower plants emerged as a viable choice because of the abundance of economically viable sources and a shorter and simpler development process. In addition, unlike wind and solar, hydropower could contribute to peak capacity requirements.
The main regulatory barriers to renewable energy development were: (i) the absence of competitive power purchase agreement structures; (ii) an opaque and circuitous regulatory framework with lengthy approval process and no effective mechanism of allocating project sites to those most able to develop them; (iii) developer s lack of experience in building and operating renewable assets; and (iv) banks lack of interest and limited
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