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Finance

Vietreader's Finance section covers Vietnam's financial industry and personal finance topics. It reports on banking, stocks, taxes, accounting, insurance, financial technology, money management and more.

Image: HoSE Conducts Testing of New KRX Technology System

HoSE Conducts Testing of New KRX Technology System

The Ho Chi Minh Stock Exchange (HoSE) will conduct testing of the new Korea Exchange (KRX) technology system from March 4th after previously delaying the official launch that was originally planned for late last year.

Image: Wonderfarm Herbal Tea Brand Owner Strongly Revives, Distributes All Profits as Dividends, Stock Price Surges to Set Historical Record

Wonderfarm Herbal Tea Brand Owner Strongly Revives, Distributes All Profits as Dividends, Stock Price Surges to Set Historical Record

Interfood Joint Stock Company (HOSE: IFS), the owner of the popular Wonderfarm herbal tea brand in Vietnam, has reported strong financial recovery in recent years after going through a period of losses from 2008 to 2015. The company has fully distributed its profits to shareholders as dividends,

Image: Vinhomes plans to launch 3 major projects Vu Yen, Co Loa, Wonder Park in 2024 to boost sales and earnings

Vinhomes plans to launch 3 major projects Vu Yen, Co Loa, Wonder Park in 2024 to boost sales and earnings

Vinhomes, one of the leading real estate developers in Vietnam, is expected to launch three major new projects in the second half of 2024 which is forecasted to significantly boost the company's sales and profits for the year.

Image: USD Exchange Rate Today Feb 20, 2024: Banks Uniformly Increase Rates

USD Exchange Rate Today Feb 20, 2024: Banks Uniformly Increase Rates

On the morning of February 20th, 2024, Vietnam's state bank SBV announced the reference exchange rate between the VND and USD increased by 9 dong to 23,988 dong. Exchange rates at commercial banks also saw uniform increases across the board.

Image: Gold Bar Price Rises to VND79 Million on February 16th, 2024

Gold Bar Price Rises to VND79 Million on February 16th, 2024

Following the recovery of gold prices in the global market to surpass $2,000 per ounce, prices of gold bars and jewelry in Vietnam have also turned upward by several hundred thousand VND per tael in the morning of February 16th, which falls on the seventh day of the first month in the lunar

Image: ACB spends 2,000 billion VND in Green/Social Credit for businesses

ACB spends 2,000 billion VND in Green/Social Credit for businesses

In early 2024, ACB officially launched a 2,000 billion VND Green/Social Credit package with many incentives for businesses with production and business plans that benefit the environment and society.

Image: Governor Nguyen Thi Hong: The mass withdrawal incident at SCB Bank had a strong impact

Governor Nguyen Thi Hong: The mass withdrawal incident at SCB Bank had a strong impact

In 2023, in addition to the complex difficulties of the world economic situation, the mass withdrawal incident at SCB Bank at the end of 2022 will have a strong impact on liquidity and market psychology in 2023, according to the Governor of the State Bank of Vietnam Nguyen Thi Hong.

Image: The bond market has shown positive signs, and confidence has returned

The bond market has shown positive signs, and confidence has returned

After the Government issued Decree 08, the bond market showed more positive signs, and businesses returned to issuing bonds.

Image: A business on the stock exchange suddenly earned hundreds of billions of dong from a metal that is being sought after by electric vehicle battery companies

A business on the stock exchange suddenly earned hundreds of billions of dong from a metal that is being sought after by electric vehicle battery companies

With forecasts of increased use of electric vehicles, metals for producing electric batteries are increasingly interested.

Image: Investors are "bored" with stocks, and bank deposits set records; what is happening?

Investors are "bored" with stocks, and bank deposits set records; what is happening?

Besides the lack of new money entering the market, the VN-Index losing the important milestone of 1,100 points also significantly affected investor psychology, making trading gloomy.

Image: Technical recession in Europe and the Fed's move affected Vietnam

Technical recession in Europe and the Fed's move affected Vietnam

The tightening monetary policy of the Fed and ECB, the risk of technical recession in Europe, and China's recovery momentum impact Vietnam's imports and exports, according to a newly published report by BIDV Securities (BSC).

Image: Stock focus: Why is the market so volatile, and has it reached a bottom?

Stock focus: Why is the market so volatile, and has it reached a bottom?

According to experts, the root cause of the market's strong fluctuations last week was due to the unstable psychology of the majority of individual investors, which accounts for a large proportion.