The financial market grew comprehensively in the first eleven months
2016: Central rate rises by 1%, interest rate not reduced as expected. | |
Monetary policy supports economic growth | |
Financial markets to restructure towards balance, transparency |
In particular, the securities market rose sharply in the first eleven months of 2017. As of 24th November 2017, the VN-Index reached 935.57 points, up by 40.7% compared to the end of 2016 - the highest rate in the recent 10 years.
HNX-Index closed at 110.83 points, up by 38.3% compared to the end of 2016. The capitalisation rate reached VND 3,272 trillion up 13.6% compared to the end of the previous month, and up by 68% against the end of 2016, which is equivalent to 72.7% of GDP and the highest rate since opening the market.
As for the derivative market, in November, total transaction contracts were 280,451, equivalent to a value of 24,712.45 billion VND, up 17.7 % and 27.6% over the previous month, and up 380% and 466% respectively compared with the first month when the market was officially operated.
The number of transactions reached 15,581 contracts per session on average. Average transaction value reached a nominal value of VND 1,373 billion per session, up 44% and 56% respectively compared to the previous month, and up 327% and 404% over the first month when the market was officially operated.
Regarding the monetary market, as of 17 November 2017, compared to 2016, the mobilised capital increased 12.80 - 12.53%; total means of payment rose 12-18 – 12.21% and credit grew 12.42% to 14.45%
For the social insurance market, in the first eleven months of 2017, total insurance premiums was estimated at VND 291,358 billion, a year-on-year increase of 20.8%.
Economic outlook appears healthy Vietnam has just entered 2017 but already market analysts are trying to predict the trends of the ... |
The investment into the economy was estimated at VND 241,238 billion, up by 27.1% compared to 2016. Total operating reserve was estimated at VND 178,559 billion, a year-on-year increase of 23.6% . The total equity was estimated at VND 59,174 billion, up 16.1% over the same period for 2016. Total revenue from insurance premiums was estimated at VND 97,725 billion , up 22.8% over the same period in 2016. Payment for insurance benefits was estimated at VND 26,498 billion.
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