Business News

Macro-economic stability, over 80% of listed companies in 2020 being profitable, good containment of Covid-19 pandemic and the introduction of many new policies will further motivate Vietnam's stock market to grow stronger in the coming time.

I recently had a discussion with our team of analysts on what the key factors are when analysts issue recommendations on individual stocks. Analysts need to have an understanding of the current developments of the global economy and the economy of the target country. Only then can they arrive at the right risk/return assumptions for long-term stock selections.

This year, ACB's pre-tax profit target is VND10.6 trillion ($460.87 million). According to the bank, if the situation remains unchanged, the target could be achieved.

An improving global economic outlook and progress in COVID-19 vaccinations have pushed up bond yields in emerging East Asia, including Vietnam, according to the latest issue of the Asian Development Bank’s (ADB) Asia Bond Monitor.

Mobile transactions in Vietnam are expected to increase by 300 per cent between 2021 and 2025, led by strong growth in mobile payments, as revealed in the second edition of the Fintech and Digital Banking 2025 (Asia-Pacific) IDC InfoBrief, commissioned by Backbase.

Non-cash payments have increased sharply, especially through mobile devices and the internet, according to the State Bank of Vietnam.

Many taxes and fees will be further reduced in 2021 and the Ministry of Finance has proposed extending the deadline for paying VND115 trillion of taxes and land rents.

SSI Research has cited information from VPBank’s Board of Management that the due diligence process for FE Credit sale has been conducted. FE Credit, Vietnam’s largest consumer finance firm, is in negotiation with its potential partners, though the discussion progress is somewhat interrupted due to the pandemic.