The financial market grew comprehensively in the first eleven months

VCN – According to the latest data from the Ministry of Finance, the financial market including security, monetary and social insurance gained a sustainable growth.
the financial market grew comprehensively in the first eleven months 2016: Central rate rises by 1%, interest rate not reduced as expected.
the financial market grew comprehensively in the first eleven months Monetary policy supports economic growth
the financial market grew comprehensively in the first eleven months Financial markets to restructure towards balance, transparency
the financial market grew comprehensively in the first eleven months

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%.

the financial market grew comprehensively in the first eleven months 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.

By Hong Van/ Huyen Trang

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