Expanding monetary policy in wake of Covid-19

The negative impact on the national economy, as well as all countries neighboring Vietnam, from the sudden spread of the Covid-19 epidemic, has led to suggestions of expanding monetary policies to make it easier for businesses to maintain growth.

No stimulus package against fear

Stimulus packages are launched by governments to increase demand and encourage people to consume and spend more.

Bancassurance will support growth in all banks

As credit growth becomes more tightly controlled, it leaves little room to improve the Net Interest Margin (NIM), as many banks are also increasing service fees for cross-selling activities. Among these, the insurance channel through banks or Bancassurance, is now becoming an important growth driver, especially in the Life-Insurance segment.

Producing stainless steel pipes at Huu Lien A CHau Joint Stock Company. (Photo: Internet)

HLA hits rock bottom

Huu Lien A Chau Joint Stock Company (HLA) was the first enterprise to produce steel on an industrial scale, and since 2001 has been a key steel enterprise in Ho Chi Minh City. However, the Huu Lien A Chau brand now has almost lost the market due to the appearance of competitors and several passive investment decisions.

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Modern aviation infrastructure benefits tourism

The future development of the aviation industry with modern infrastructure is not only beneficial for tourism, but tourism too needs aviation to grow, being one of its major customers.

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Aviation industry needs private investors

The growth of the domestic aviation industry in Vietnam is on an average 15% per year, and in the near future Vietnam will need to have at least ten airlines, instead of the current five airlines.

Tan Son Nhat airport is overcrowding, but it is not easy to invest due to many problems.

ACV lacks autonomy

The annual profits of the Airports Corporation of Vietnam (ACV) in 2019 were around VND 8,000 bn, an increase of 9% since 2018. This proves that investments in airport infrastructure are very lucrative, which is why this field is drawing in many serious investors.

Van Don Airport is an example of private sector success.

Policies do not favor private sector in airport projects

When the Prime Minister approved the renewed Aviation Transport Development Plan for 2020 with orientation towards 2030, many believed this would open doors for the private sector to enter the aviation industry. However, nothing seems to have changed either in policy nor in practice.

Thai health minister Anutin Charnvirakul told Sky News: 'We are not able to stop the spread... Of course we expect more people to get sick'

Thai Government Admits "Unable To Stop" Spread Of Coronavirus

  • Health minister Anutin Charnvirakul said there are too many Chinese visitors
  • At least 22,000 people from Wuhan are believed to have visited in January
  • Thailand, with 14 cases, is so far the worst affected country outside of China 

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Global concerns for oil and gas stocks

Very early in 2020, the world has been hit with news of tensions between Iran and the US, causing crude oil prices to reach USD 70 per barrel, with some experts even forecastingthat prices may go up to USD 80 per barrel.

In the hard context of world economy, Vietnam's economy is a bright spot when exports still grow. Photo: VIET CHUNG

Reforms essential for growth

The growth in GDP has been relatively steady at 6.2%, 6.8%, 7.08% and 7.02% from 2016 to 2019, despite uncertainties and slow growth in global economies.

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Innovation key to future development

Notwithstanding the effects of global economic upheavals, Vietnam's economy in 2019 remained robust. This is great news because adeeply integrated economy like Vietnam’s is constantly facing adverse impacts.

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Regulatory Agencies must lower Corporate Bond Risk

All throughout 2019, corporate bonds were in favor when the issuance volume grew sharply, and this trend is expected to continue in 2020 when experts forecast that issuance volume will reach 300,000 to 350,000 billion VND.

S99 was an enterprise involved in Lai Chau hydropower project.

S99 - Sharp downhill plunge

During the stock market boom in 2007, code S99 of the Song Da 909 Joint Stock Company (SCI) was one of the highest priced stocks on the HNX, reaching a historical peak of VND 440,000 per share.

The coastline of more than 3000 km is a favorable condition to attract FDI into the real estate sector.

Foreign investors drawn towards real estate sector

In 2019, the real estate sector was at number two position in attracting Foreign Direct Investment (FDI) into the country, which trend is expected to continue and even increase sharply in 2020.

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FDI capital inflow into Vietnam must be screened

Although the flow of Foreign Direct Investment (FDI) into Vietnam reached an estimated USD 38.02 bn in 2019, many are very much concerned that the quality of FDI capital is not as per expectations. Saigon Investment compiled excerpts from opinions shared by some experts on this issue.