- People's deposits in banks set a new record
By the end of September, the amount of people's deposits in the banking system reached an all-time high. In September alone, people deposited an additional VND15,935 billion into the banking system. This increase was a significant improvement compared to the VND43,723 billion of August or the VND43,723 billion of July; VND35,300 billion of June and VND14,700 billion of May (according to Dan Tri).
- Corporate bond issuance interest rate 10.5%/year
According to the Vietnam Bond Association (VBMA), in the first 17 days of November, businesses issued 8 separate bonds with a total value of more than 13,776 billion VND. The interest rates of businesses issuing bonds range from 6-10.5%/year (according to Thanh Nien).
- Vietnam's government bond interest rates increase across all maturities
According to a newly released report by the Asian Development Bank (ADB), Vietnam's government bond interest rates increased across all maturities from September 1 to November 10 due to rising inflation and the FED's decision to maintain high interest rates for a longer period of time (according to Nguoi Lao Dong).
- Prime Minister requests State Bank to learn from experience in managing credit growth
Prime Minister Pham Minh Chinh has just signed an Official Dispatch on credit growth management in the last months of 2023. The Prime Minister requested the State Bank of Vietnam (SBV) to learn from experience in managing slow credit growth in 2022. (See more)
- Prime Minister criticizes ministries and localities for being slow in "spending money"
On the morning of November 27, Prime Minister Pham Minh Chinh chaired an online conference of the Government Standing Committee with ministries, central agencies and localities to review and evaluate the situation and urge the acceleration of public investment disbursement in 2023. The Prime Minister stated that, in addition to the achieved results, 21/52 ministries, central agencies and 30/63 localities have not yet allocated all the capital plans assigned by the Prime Minister with a total capital of nearly 16,200 billion VND (according to Dan Tri).
- Ministry of Construction gives its opinion on the North-South railway project with an investment of more than 70 billion USD
Minister of Construction Nguyen Thanh Nghi has just sent a document to the Ministry of Transport (MOT) to give comments on the project on the investment policy of the high-speed railway on the North-South axis. The Minister of Construction agreed on the plan to build the North-South high-speed railway according to scenario 3, double track, 1,435mm gauge, design speed of 350 km/h, investment capital of more than 70 billion USD. (See more)
- Unlimited apartment ownership, mini apartments are granted pink books
Mini apartments are considered for granting certificates (pink books) according to the land law, and can be sold and rented. This is one of the notable new points in the Housing Law (amended) that was just passed by the National Assembly today, effective from January 1, 2025. (See more)
- 'Industrial capital' Bac Ninh estimated negative growth, rare after ten years
Bac Ninh's gross regional domestic product (GRDP) growth is estimated to be negative 6.18% in 2023. This is unprecedented in decades of socio-economic development of this "industrial capital" in the North. (See more)
- Tourists spend nearly 800 billion VND buying tickets to visit Ha Long Bay in 2023
According to the Ha Long Bay Management Board, with the current situation, revenue from ticket sales to visit Ha Long Bay could reach 800 billion VND, while the target assigned by Quang Ninh province in 2023 is about 790 billion VND (according to Lao Dong).
- A company announced the highest Tet bonus of 200% of salary.
On November 26, Changshin Vietnam Co., Ltd. (Vinh Cuu District, Dong Nai) announced annual salary increases and Tet bonuses for employees. Despite difficulties in orders, the company still offers the highest Tet bonus for the Year of the Dragon 2024, which is 200% of the basic salary and work salary. (See more)
- Bank appraises price to sell nearly 500 billion VND debt of 'gold tycoon'
Agribank Branch 4 is announcing the fee for appraising the entire debt of Duc Tien Gemstone and Jewelry Trading JSC to serve as a basis for determining the starting price for the public auction of the debt of this 'gold tycoon'. According to Agribank, Duc Tien's debt has an outstanding balance of up to 485 billion VND. (See more)
- New Chairman Vu Thanh Hue owns 14% of LPBank Securities shares
Ms. Vu Thanh Hue - Chairman of LPBank Securities JSC (LPBS) - recently bought an additional 1.25 million shares of LPBS, increasing her ownership ratio from 9% to 14%. Ms. Hue was appointed as Chairwoman of LPBS Board of Directors for the 2023-2028 term from August 28, 2023, replacing Ms. Nguyen Thi Bich Hong (according to Monetary Security).
- TNS Holdings senior leaders resign en masse
TNS Holdings Trading and Service Joint Stock Company (stock code: TN1) has just announced that it has received resignation letters from senior leaders for personal reasons. Specifically, TN1 has received resignation letters from Ms. Nguyen Thu Trang from the position of Board Member and Chairwoman of the Board of Directors; resignation letters from Mr. Nguyen Viet Son from the position of Board Member and Vice Chairman of the Board of Directors; and resignation letters from Mr. Phan Anh Son from the position of Board Member (according to An Ninh Tien Te).
- Chairman's family received more than 160 billion VND in dividends in 2 years
Song Hong Garment Joint Stock Company (code: MSH) has just announced an interim cash dividend payment for 2023 at a rate of 25%. After 2 years, the Chairman of the Board of Directors' family received more than 160 billion VND. (See more)
- Apax English chain owner delisted: Why is Shark Thuy in trouble?
Apax English - Shark Thuy's once-largest English center chain in Vietnam - is drowning in debt, with delayed bond payments, unpaid teacher salaries and student tuition fees... The crisis has caused Apax Holdings to be delisted and its leaders to flee. (See more)
Today, November 27, the price of gasoline and oil on the international market may continue to decrease following the downward trend from last week. Last week, the world price of gasoline and oil experienced the 5th consecutive week of decrease.
The central exchange rate on November 27 increased by 20 VND. The USD price at commercial banks today decreased slightly, closing the session listed at 24,045-24,430 VND/USD (buy - sell). The world USD price also decreased.
The stock market on November 27 recorded the VN-Index falling 7.55 points to 1,088.06 points. Banking stocks continued to increase pressure, causing the VN-Index to return all the points gained in the recovery session last weekend. Market liquidity dropped sharply to its lowest level in about a month.
Gold price today, November 27, on the international market is still increasing, remaining above 2,000 USD/ounce. SJC gold price increased by 100,000 VND/tael for buying, and remained at 72.32 million VND/tael for selling.
Interest rates for 12-month online deposits have all fallen below the 6%/year threshold. Currently, the highest interest rates for 12-month deposits belong to HDBank and BaoVietBank. These two banks are applying 5.9%/year for online deposits.
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