Interest rates on treasury bills increase sharply; who buys Bau Duc hotel?

- Interest rates on treasury bills increased sharply, reaching the highest level since the beginning of the cycle.

In the session on October 19, the winning interest rate on treasury bills increased to 1.45% from 1% in the previous 3 sessions, reaching the highest level since the beginning of the treasury bill issuance cycle. The operator injected a net VND5,745 billion into the banking system in the trading session on October 19. After today's session, the amount of treasury bills in circulation also decreased to nearly VND249,950 billion. These treasury bills will mature from tomorrow to mid-November (according to Nhip Song Thi Truong).

- Vietnamese rice export prices continue to increase sharply, about to reach historical peak

Surpassing its Thai rival, the export price of Vietnamese rice continues to increase sharply, about to reach the historical peak of 643 USD/ton set on August 31. Accumulated to September 15, rice exports reached nearly 6.73 million tons, with an estimated value of about 3.73 billion USD, up 17% in volume and a sharp increase of 34.5% in value compared to the same period last year. (See more)

- Deputy Prime Minister requests to thoroughly handle Dung Quat Shipyard project

At a meeting on the handling plan for Dung Quat Shipbuilding Industry Company held this morning, Deputy Prime Minister Le Minh Khai requested PVN and the State Capital Management Committee at Enterprises to promptly complete the Dung Quat Shipyard Restructuring Project to submit to the Government (according to Dan Tri).

- 170 traders qualified to do rice export business

The Import-Export Department (Ministry of Industry and Trade) has just announced the list of traders qualified to export rice until October 18, 2023. Accordingly, there are 170 traders on this list (according to VTV).

- VinFast's capitalization reaches 14.5 billion USD

VinFast shares fell when opening the trading session on October 18 on the US Nasdaq stock exchange, the capitalization of Mr. Pham Nhat Vuong's electric car company fell to 14.5 billion USD. VinFast's capitalization is currently ranked 27th in the list of car manufacturers in the world. (See more)

Vinfast stock 1633.png — VinFast's capitalization falls below 15 billion USD.

- Vietnam's 3rd largest real estate company loses 30 billion VND/day

Saigon Investment and Development Corporation (SDIC) is the third largest real estate company in the market, after Vinhomes of billionaire Pham Nhat Vuong and Novaland of Mr. Bui Thanh Nhon. But investors know little about this company and who the real owner behind it is. This is also a company with a rare large debt in Vietnam. In the first 6 months of 2023, this company lost nearly 5,402 billion VND, equivalent to a loss of more than 30 billion VND/day. (See more)

- Revealing the buyer of Mr. Duc's hotel in Gia Lai

The company that bought Hoang Anh Gia Lai Hotel from Mr. Doan Nguyen Duc’s company (Bau Duc) is Hoan Sinh Gia Lai Investment Company Limited. This company was established about 4 months ago, with a charter capital of 200 billion VND (according to Dan Tri).

- Mr. Johnathan Hanh Nguyen's company reported profits of more than 3 times.

Tan Son Nhat Airport Services Joint Stock Company (SASCO, code SAS) of Mr. Johnathan Hanh Nguyen has just announced its third quarter financial report. With positive business results, SASCO earned a net profit of 131 billion VND, 3.7 times higher than the same period last year. (See more)

- Wax flowers 'cover' the market on October 20

As Vietnamese Women's Day (October 20) approaches, the flower market is bustling again. In addition to fresh flowers, scented wax flowers are also being sold all over the online market. Not only beautiful but also super cheap, wax flowers are popular with many people. (See more)

The USD price at commercial banks today increased sharply, surpassing the 24,700 VND/USD mark, reaching the highest level since the beginning of the year. The central exchange rate increased to the highest level in history. The international USD price tends to increase when the interest rate on 10-year US Treasury bonds reached a 16-year peak.

The stock market fell sharply for the fourth consecutive session on October 19, but bottom-fishing cash flow appeared quite weak. The VN-Index fell nearly 16 points, losing the 1,100-point mark.

The price of gold today on the international market is constantly increasing. The price of gold rings has increased very strongly, some brands have increased by half a million VND/tael, far exceeding the mark of 58 million VND/tael, reaching a historical level.

World oil prices are on an upward trend. Oil prices rose due to positive economic data from China and escalating tensions in the Middle East.

Today's bank interest rates recorded VIB and Sacombank adjusting down after a long period of keeping them unchanged. Since the beginning of October, 22 banks have reduced their deposit interest rates, the 6% interest rate has gradually decreased.

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