News

Money supply and total outstanding loans of the whole banking system may soar by over 10% in H2/2011 to achieve corresponding targets of 15-16% and 20% in 2011, Do Thuc, General Director of GSO said.

These are some of the leading stories in the official Vietnamese press on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.

In the first six months of this year, foreign players have spent over 3.6 trillion dong on listed stock market.

The amount of capital that companies raised via the stock market in the year’s first half was trivial and barely increased from the year-earlier period due to the gloomy economic outlook.

Foreigners changed to net sell Vietnamese shares on both two bourses today with higher participation level.

Maritime Bank Securities Joint Stock Co (MSBS) reported gaining Q2 after tax profit of 4.6 billion dong, about 9.5 times higher than the same period last year.

Up to 61 out of total 105 securities companies reported accumulated losses to the end of second quarter of 2011, similarly 27 of 47 fund management companies also posted poor performance in the period

Thanks mainly to the 8.5% gain in VN Index of Hochiminh Stock Exchange (HOSE), the NAV (net asset value) of Dragon Capital-run funds increased by over $ 30 million in June.

Vietnam’s stocks closed down today as sellers were more decisive to cash out on lack of liquidity, weak sentiment.