News

The Hongkong and Shanghai Banking Corporation (HSBC) adjusted down Vietnam’s gross domestic growth (GDP) to 5.1% in 2012 from 5.7% forecast a month ago, the local news provider Gafin.vn reported.

The UPCoM-Index, the measure of 130 unlisted public companies rebounded to close up on Monday, following official bourses. Liquidity improved but still in low level.

Foreigners extended their position of net buyers on both HOSE and HNX on Monday. Level of participation eased.

Vietnamese stocks continued to soar today as investors rushed to buy shares on expectation of further easing policy after the central bank officially put a cap on interest rate spread for 4 sectors, a VND29 trillion package to support businesses.

Vietnam’s state budget deficit was estimated to amount to VND35.3 trillion by April 15th, the General Statistics Office (GSO) said on its website.

The UPCoM-Index, the measure of 130 unlisted public companies rebounded to close up on Friday after single day of loss, following official bourses. Liquidity still in low level.

Foreigners extended their position of net buyers on both HOSE and HNX on Friday. Level of participation increased for the third day.

Vietnamese stocks soared today as investors rushed to buy shares on hope that lending interest rates will fall further after the central bank put caps on credit for 4 selective sectors.

Vietnam is estimated to have disbursed a total of VND55.31 trillion ($2.646 billion) worth of state funds in Jan-Apr period, fulfilling 27.8 % of the full-year target and rising 3.8% from the same time of 2011, the General Statistics Office said.