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VIETNAM BUSINESS NEWS AUGUST 9

VIETNAM BUSINESS NEWS AUGUST 9
vietnamnet.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vietnamnet.vn Daily Mail and Mail on Sunday newspapers.

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Shares forecast to correct on cautious sentiment


Shares forecast to correct on cautious sentiment
Chia sẻ |
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 10/05/2021
  
11:01
GMT+7
Vietnamese stocks are forecast to stay on a downward trend this week due to caution among investors and accelerated selling pressure from foreigners, analysts said.
Investors make transaction orders at Bao Viet Securities Co s transaction floor. It is forecast that the market will see corrections at the beginning of this week.
The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) lost 0.7 per cent to close Friday at 1,241.81 points.
It gained 0.2 per cent last week. ....

H Chíinh , Republic Of , Han I , Tran Xuan Bach , Hanoi Securities Joint Stock Company , Nam Kim Group , Hanoi Stock Exchange , Masan Group , Ho Chi Minh Stock Exchange , Hoa Phat Group , Bao Viet Securities Company , Tri Viet Securities Joint Stock Corporation , Securities Vietnam Joint Stock Company , Investment Development Of Vietnam Securities Company , Asia Commercial Bank , Hoa Sen Group , Bao Viet Securities Co , Tran Xuan , Vietnam Joint Stock Company , Saigon Hanoi Securities Joint Stock Company , Vietnam Securities Company , Hanoi Stock , குடியரசு ஆஃப் , ஹான் நான் , டிரான் வைவாந் பாக் , ஹனோய் பத்திரங்கள் கூட்டு ஸ்டாக் நிறுவனம் ,

Margin loans to securities firms on rise


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 com ....

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