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.
Yeah1 Stock Soars to Highest Level in Over Two Years
The stock of Yeah1 Group Corporation (YEG) touched its ceiling price just after the opening of today's trading session and maintained a purple hue throughout the day. The share price reached VND 14,350, the highest level since June 2022, over two and a half years ago. Around 5.7 million YEG shares
Vietcombank tops the Decision Lab Bank Satisfaction Rankings as Techcombank makes strong gains
Decision Lab, the exclusive partner of YouGov in Vietnam, has released the annual Decision Lab Bank Satisfaction Rankings 2024. The report assesses the Vietnamese banking sector's performance through the lens of customer satisfaction, offering invaluable insights into how well each bank has met the
Bitcoin price may follow a parabolic pattern to reach $100,000 target
The bitcoin market has been stirring up again with signs that the price may rise sharply. Some analysts believe Bitcoin could hit $100,000 as large players increase buying volume and market sentiment shifts. This surge would mirror what happened in 2019, sparking debate around bitcoin's future
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.
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,
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.
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.
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
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.
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.
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.
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.