News

Local commercial banks reported considerable overseas remittances outflows from the banking system as the volume of foreign currency that remittance receivers sold back to these banks stayed low at 10-15% on average.

Vietnamese stocks kicked off the new week in the red, HNX set fresh life time low today as investors sold shares aggressively to cut losses fearing liquidity in the securities sector.

The UPCoM-Index, the measure of 127 unlisted public companies, closed down following official bourses.

Foreigners continued to be net buyers on the primary bourse HOSE for 10 working days and remained to be net sellers on HNX for a fourth day in a row today. Level of participation increased.

The State Bank of Vietnam, the country’s central bank, issued official document No.8641/NHNN-DBTKTT on Nov 4, requesting credit institutions and branches of foreign banks to report their outstanding real estate credits.

The UPCoM-Index, the measure of 127 unlisted public companies, closed down today after a single day of gain on Thursday.

Vietnamese stocks ended Friday in a mixed note but the markets closed first week of November with a loss as investors sold shares to minimize risks amid lack of supportive news and on concerns over bad debts issue.

Foreigners continued to be net buyers on the primary bourse HOSE for 9 working days and remained to be net sellers on HNX for a third day today.

The country’s retail sales value of goods and services last month increased 1.92 per cent over the previous month to nearly VND167.6 trillion ($8.56 billion), thanks to a continuous deceleration of the Consumer Price Index (CPI), according to GSO.