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.
Related News
Price stability from supply increase and transparency in trading in gold market
09:42 | 25/04/2024 Finance
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines
Improving legal framework, ensuring accessibility to green bonds
15:42 | 13/04/2024 Finance
Efficiency from inspection and supervision - a key factor for a transparent stock market
15:22 | 29/03/2024 Finance
Latest News
Strictly monitor market fluctuations to appropriately adjust prices
14:46 | 27/04/2024 Finance
Closely monitoring market fluctuations to consider appropriate time to adjust prices
09:30 | 26/04/2024 Finance
How does the Land Development Fund work effectively?
09:19 | 26/04/2024 Finance
Vietnam seeks to remove obstacles in upgrade of securities market
13:50 | 25/04/2024 Finance
More News
SBV takes more actions to stabilise foreign exchange rates
13:43 | 24/04/2024 Finance
Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT
10:35 | 24/04/2024 Finance
Corporate bond maturity in 2024 remains high: MoF
13:51 | 23/04/2024 Finance
Support clearance procedures for imported gold for bidding
09:33 | 23/04/2024 Finance
The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low
09:32 | 23/04/2024 Finance
Majority of credit institutions forecast profit growth in 2024
15:16 | 22/04/2024 Finance
Central bank plans to auction gold bars on April 22
18:00 | 21/04/2024 Finance
Old loans must endure higher interest rates temporarily: central bank
15:44 | 19/04/2024 Finance
State-owned enterprises flourished
14:15 | 19/04/2024 Finance
Your care
Strictly monitor market fluctuations to appropriately adjust prices
14:46 | 27/04/2024 Finance
Closely monitoring market fluctuations to consider appropriate time to adjust prices
09:30 | 26/04/2024 Finance
How does the Land Development Fund work effectively?
09:19 | 26/04/2024 Finance
Vietnam seeks to remove obstacles in upgrade of securities market
13:50 | 25/04/2024 Finance
Price stability from supply increase and transparency in trading in gold market
09:42 | 25/04/2024 Finance