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17/05/2021 10:34 GMT+7
Stock market might not have more room to rise: experts
The Viet Nam National Petroleum Group (Petrolimex) s gasoline station. The company shares posted a gain of 8.1 per cent in market capitalisation last week. Photo petrolimex.com.vn
The market hit new highs last week with the liquidity exceeding VND1 billion each session. Analysts from securities firms expect strong and stable investment cash flows will continue to elevate the market this week, but it might not have more room to rise higher.
More banks collaborate with fintech firms to develop embedded finance in Vietnam 12:57 | 15/05/2021
The tie-up between CIMB and Finhay is a typical story in the embedded finance trend in Vietnam
Most recently, CIMB and Finhay have announced a partnership to issue a co-branded card on the Finhay app. The collaboration between CIMB Bank Vietnam and Finhay has given birth to the countryâs first-ever 3-in-1 bank account that can be opened and maintained straight from the Finhay app.Â
Finhay users will be able to open a virtual account and co-branded Debit Card right on the Finhay app with eKYC solution by CIMB to take control with all-in-one spending, saving, investment, and more. With only a bank account and debit card, users can instantly invest, save, transfer, and withdraw money for free of charge with over 17,000 ATMs nationwide.
Vietnam has witnessed a surging number of local groups acquiring assets from both domestic and foreign players, with the rise signalling a major change in the mergers and acquisitions game in the country.
Update: April, 12/2021 - 19:32 |
Masan High-Tech Materials’ management board answer questions from shareholders and investors at the company’s annual general meeting held in Hà Nội on April 12. Photo courtesy of the company
HÀ NỘI Masan High-Tech Materials (HNX-UpCOM: MSR, MHT) has set a target of net revenue growth of over 50 per cent in 2021, attributing to the H.C. Starck Tungsten Powders integration for the whole year, higher sales revenue and selling prices on the market.
The better price and bigger revenue will enable Masan High-Tech Materials to achieve earnings before interest, taxes, depreciation, and amortisation (EBITDA) growth more than 100 per cent over last year, and strongly backed by the strict cost control in lean production activities.