Photo shows the entrance of Times City, the urban area built by real estate developer Vinhomes (VHM). VHM fell 1.7 per cent on Tuesday. — Photo cafeland.vn Weak support of banking stocks could not rescue shares from falling on Tuesday afternoon, causing the two indexes to struggle during the session. The benchmark VN-Index on the Ho Chi Minh Stock Exchange slid 0.05 per cent to end Tuesday at 993.05 points. Some 180 million shares worth more than VND4 trillion (US$171 million) were traded on the southern market. The VN-Index rose 0.17 per cent to close Monday at 993.57 points. Many large-caps were strongly hit as selling pressure increased, including Vinhomes (VHM) (-1.7 per cent), PetroVietnam Gas JSC (GAS) (-0.8 per cent), Sabeco (SAB) (-0.7 per cent), Vinamilk (VNM) (-0.2 per cent), Bao Viet Holdings (BVH) (-0.6 per cent), Hoa Phat Group (HPG) (-0.5 per cent), FPT Corporation (FPT) (-0.5 per cent) and Military Bank (MBB) (-0.4 per cent). However, the rally of Mobile World … [Read more...] about Shares subdued as market shakes
Vietcombank ha noi
All banks in the country have to adopt the standard version of Basel II and then switch to the advanced version by 2025. — Photo baokiemtoannhanuoc.vn In 2016 the State Bank set a deadline of January 1, 2020, for 17 banks to meet Basel II norms under a national banking sector development strategy. Also, by 2025 all banks in the country have to adopt the standard version of Basel II and then switch to the advanced version. Basel II is the second edition of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on banking supervision. It comprises minimum capital requirements, supervisory review and market discipline to enhance competition and transparency in the banking system and make banks more resistant to market changes. Basel II requires banks to have a capital adequacy ratio (CAR) of at least 8 per cent. However, the SBV has allowed 10 banks to adopt Basel II standards earlier than the 2020 deadline. They are Joint Stock … [Read more...] about Basel II deadline rapidly approaching, are banks on course to meet norms?
By sector, retail, wholesale, insurance, securities, oil and gas, banking, healthcare, agriculture, information and technology, food and beverage, seafood processing and construction materials were the gainers this morning. — Photo ndh.vn Positive movements on the US stock market during Tuesday’s overnight trading brought bright prosperity to the Vietnamese market on Wednesday morning. The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.30 per cent to end Wednesday morning session at 996.01 points. Some 105.6 million shares worth nearly VND2 trillion (US$86 million) were traded on the southern market. The VN-Index slid 0.05 per cent to end Tuesday at 993.05 points. On the US stock market, the Dow Jones Industrial Average rose 237.44 points, or 0.89 per cent, to 27,024.8. The S&P 500 gained 29.53 points, or 1.00 per cent, to 2,995.68 and the Nasdaq Composite added 100.06 points, or 1.24 per cent, to 8,148.71. On the local market, banking groups performed … [Read more...] about Local shares go up on global rise