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

Related News

Green transformation: It

Green transformation: It's time to force businesses to "get involved"

VCN - Implementing ESG (environment, society, corporate governance) and green transformation has become a mandatory requirement for businesses to achieve sustainable development.
Accelerating investment to meet "green" standards

Accelerating investment to meet "green" standards

VCN – Many businesses are implementing large-scale investments in technology, energy transitions, and production processes to meet the increasingly stringent "green" criteria set by the EU market.
Electronics industry overcomes challenges to penetrate deep into global supply chain

Electronics industry overcomes challenges to penetrate deep into global supply chain

VCN - In addition to the opportunities from the investment shift in the electronics industry, Vietnamese enterprises also face many challenges in terms of capital, technology and human resources. Ms. Do Thi Thuy Huong, Executive Committee Member of the Vietnam Electronics Industry Association (VEIA), shared about the future directions for this potential industry.
Continue to handle cross-ownership in banks

Continue to handle cross-ownership in banks

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.

Latest News

More tax law reforms needed to address e-commerce challenges

More tax law reforms needed to address e-commerce challenges

The rapid growth of e-commerce has contributed significantly to Vietnam's economic development, but it also brought challenges, particularly in tax management.
Ho Chi Minh City achieves record state revenue of over VND500 trillion in 2024

Ho Chi Minh City achieves record state revenue of over VND500 trillion in 2024

VCN - For the first time in its history, Ho Chi Minh City’s budget revenue surpassed VND500 trillion in just 11 months of 2024.
Accelerating public investment in national key transportation projects

Accelerating public investment in national key transportation projects

VCN - According to the Ministry of Finance, the disbursement of funds for national key transportation projects in the first ten months of 2024 exceeded the average disbursement rate for other sectors. However, the pace has slowed in recent months.
Disbursement of public investment from foreign loans reaches 39.06% of the plan

Disbursement of public investment from foreign loans reaches 39.06% of the plan

VCN - At a conference held on December 3, 2024, to discuss the disbursement progress of public investment from foreign loans in the final months of the year, the Department of Debt Management and External Finance reported that ministries and agencies had disbursed over VND3.285 trillion. Notably, six ministries proposed returning a total of VND2.0924 trillion from the 2024 allocated budget.

More News

State capital management commission to be dissolved

State capital management commission to be dissolved

The Commission for Management of State Capital at Enterprises will cease its operations, following Resolution No 18 of the Central Party Committee.
There is still room for credit growth at the end of the year

There is still room for credit growth at the end of the year

VCN - To achieve the credit growth target of 15% for the whole year of 2024 as directed, the banking system will have to "pump" out nearly VND 670,000 billion of loans to the economy in the last 2 months of the year, so many solutions are needed to accelerate capital flow.
The importance of user-friendly tax platforms for online retailers

The importance of user-friendly tax platforms for online retailers

VCN - The e-portal for individual and business households engaging in e-commerce activities has been completed. Trial runs for its interface, operational solutions, and functionality have also been finalized, with plans to officially roll out the portal soon.
Nearly 30 trillion VND mobilised through G-bond auctions

Nearly 30 trillion VND mobilised through G-bond auctions

The Hanoi Stock Exchange successfully organised 17 Government bond auctions in November, raising 20.76 trillion VND (817.56 million USD) for the State Treasury.
Expecting cross-border M&A deals

Expecting cross-border M&A deals

VCN - In order for the Vietnamese mergers and acquisitions (M&A) market to grow stronger and become a destination for global capital flows, in the current context, the driving force of cross-border deals is still needed.
Credit growth target of 15% for 2024 within reach: SBV

Credit growth target of 15% for 2024 within reach: SBV

The banking system's credit growth had risen by 11.12% as of November 22 compared to the end of 2023, hence the 15% growth target for the whole year is reachable, according to the State Bank of Vietnam (SBV).
Multiple drivers propel positive growth in budget revenue

Multiple drivers propel positive growth in budget revenue

VCN - Dr. Bui Dang Dung, former Deputy Chair of the National Assembly’s Finance and Budget Committee, believes that the 2024 state budget revenue results are highly encouraging, reflecting the concerted efforts of the Government, relevant agencies, and the business community amid challenging economic conditions.
Drastic measures needed to accelerate disbursement of foreign-funded public investment

Drastic measures needed to accelerate disbursement of foreign-funded public investment

Drastic measures are needed to remove roadblocks and accelerate the disbursement of foreign-funded public investment in the remaining months of this year, as the disbursement rate remains far below the target of 95 per cent, according to the Ministry of Finance.
Urging collection of land-related revenues in the last month of the year

Urging collection of land-related revenues in the last month of the year

VCN – In order to achieve the highest revenue target in the last month of 2024, creating momentum for the good implementation of socio-economic development tasks in 2025 and the period 2026 - 2030, the Prime Minister assigned the Ministry of Finance to promote revenue management solutions, strictly control tax assessment, tax declaration, tax payment, and collect arising revenues, especially revenues related to land.
Read More

Your care

Latest Most read
More tax law reforms needed to address e-commerce challenges

More tax law reforms needed to address e-commerce challenges

The rapid growth of e-commerce has contributed significantly to Vietnam's economic development, but it also brought challenges, particularly in tax management.
Ho Chi Minh City achieves record state revenue of over VND500 trillion in 2024

Ho Chi Minh City achieves record state revenue of over VND500 trillion in 2024

For the first time in its history, Ho Chi Minh City’s budget revenue surpassed VND500 trillion in just 11 months of 2024.
Accelerating public investment in national key transportation projects

Accelerating public investment in national key transportation projects

According to Ministry of Finance, the disbursement of funds for national key transportation projects in the first ten months of 2024 exceeded the average disbursement rate for other sectors. However, the pace has slowed in recent months.
Disbursement of public investment from foreign loans reaches 39.06% of the plan

Disbursement of public investment from foreign loans reaches 39.06% of the plan

Regarding disbursement progress of public investment from foreign loans in the final months of 2024, Department of Debt Management and External Finance reported that ministries and agencies had disbursed over VND3.285 trillion
State capital management commission to be dissolved

State capital management commission to be dissolved

The Commission for Management of State Capital at Enterprises will cease its operations, following Resolution No 18 of the Central Party Committee.
Mobile Version