HANOI – Cooperatives have said they often find it hard to take out loans from banks although they have sound production plans.
HCMC – Shareholders at a general meeting of An Binh Commercial Joint Stock Bank (ABBANK) on April 25 agreed to double the bank’s chartered capital and listing on the HCMC bourse.
HCMC – The local stock market started the week with a steep decline on April 23, driven by a massive sell-off in the banking, securities and real estate sectors. Given 68 rising stocks versus 230 others closing down, the VN-Index lost 43.08 points, or 3.85%, against last Friday at 1,076.78.
HCMC – Many banks such as Vietnam Prosperity Bank (VPBank), Vietnam International Bank (VIB), and Military Bank have adjusted down deposit rates given their ample liquidity, according to a Tien Phong newspaper report.
HCMC – Several banks have narrowed their gold bar trading networks as this business is no longer attractive given waning demand, Nguoi Lao Dong newspaper reports.
HCMC – Many banks have sought to increase lending to production and business activities while tightening controls on real estate loans, Tuoi Tre Online newspaper reports.
HCMC – The local market is offering numerous opportunities for risk-appetite investors to accumulate new stocks as the VN-Index of the Hochiminh Stock Exchange fell a massive 10.6% in three consecutive weeks last month, according to securities experts.
HCMC – Selling pressure kept mounting in the morning phase on May 3 but bottom fishers became active at around the 1,000-point level of the VN-Index of the Hochiminh Stock Exchange.