Three stocks at risk of losing blue-chip status
By Phuong Dong January 3, 2021 | 07:32 am GMT+7
An investor looks at price lists at a securities company in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.
SAB, EIB and ROS have fallen below new blue-chip criteria and could be removed from the VN30 basket after a review in January.
The Ho Chi Minh Stock Exchange (HoSE), Vietnam’s main bourse, will conduct a review of the VN30, a basket of the stock market’s 30 largest caps, on January 18, using data on the stocks’ performance as of December 31 last year.
HoSE has said that it will use a different set of criteria in the review to determine the stocks that qualify as blue chips. These would involve changes to the minimum value and volume of order-matched transactions, and how the free-float ratio is calculated and rounded.
Banking partnerships maintain rapid pace 14:00 | 24/12/2020
Vietnamâs insurance market becomes increasingly crowded
Last week, VietinBank and Manulife entered an agreement to establish an exclusive 16-year bancassurance partnership to better meet the growing financial and insurance needs of Vietnamese people.
Manulife Vietnam will be the exclusive provider of bancassurance solutions to VietinBank customers in Vietnam soon after regulatory approval is obtained. This partnership will help to grow and further protect the health and wealth of Vietnamese individuals, families, and businesses by offering best-in-class insurance, wealth, and retirement solutions.
As part of the transaction, Manulife Financial Asia Ltd. will also acquire insurance firm Aviva Vietnam. The acquisition of Aviva Vietnam will be subject to regulatory approvals. Manulife expects the partnership to be accretive to diluted core earnings per common share in 2022 and the impa