VN Index in 2020 forecasts to skyrocket by 1,200 points
At the VIPF 2019 forum, a survey on the prospects of VN-Index in 2020, the analysis and research department showed that 45% of survey respondents rated the VN-Index as fluctuating between 1,010 - 1,200 points in 2020, 19,9% said the index was between 900 - 1,010 points, 19,9% rated the VN-Index as below 900 points and the remaining 17% rated the VN-Index as exceeding 1,200 points the following year.
Prediction by investors, management directors of banking, self-employed groups and securities companies about the industry groups with good performance in 2020 is Banking and Retail.
Following that is the selection of real estate stocks that will operate well in 2020. The two food and beverage groups, industry, have the same voting rate for the outlook in 2020.
The Management Board of Imperia Garden Apartment Complex (Thanh Xuan District - Hanoi) has just sent an official dispatch to Viwaco Water Joint Stock Company (water distribution unit of Song Da Clean Water Investment Joint Stock Company), requesting this unit to compensate for damages after the incident of illegal dumping of waste oil that polluted the Da River. According to calculations, these costs have a total amount of VND 419,965,000.
According to lawyer Nguyen The Truyen - Hanoi Bar Association, the apartment complex's petition for Viwaco to compensate for damages after the Da River water incident is completely reasonable and feasible.
"Shocked" by corporate bonds pushed up to 20%/year.
According to the Hanoi Stock Exchange (HNX), Hong Hoang Investment and Trading Company has just completed the issuance of more than 14 million bonds, with a face value of VND100,000, mobilizing more than VND1,400 billion.
This is an unconverted bond with collateral, a term of 5 years, with an interest rate of up to 20% per year. The entire bond lot was sold to foreign institutional investors. The consulting organization and registration unit is ACB Securities Company (ACBS).
This is a new record for corporate bond issuance interest rates in recent times, even far surpassing the bond interest rate of 14.5% that once caused a stir in the market of Phat Dat real estate company.
Central exchange rate increased sharply by 14 VND last week
The central exchange rate today was listed by the State Bank at 23,145 VND/USD.
The reference exchange rate at the State Bank of Vietnam (SBV) buying at 23,200 VND/USD and selling at 23,789 VND/USD.
Free USD price is at: 23,200 - 23,230 VND (buy - sell), down 5 VND for buying and up 10 VND for selling compared to the previous trading session.
Vietcombank's exchange rate is listed at: VND 23,140 - VND 23,260 (buy - sell), unchanged from the previous session.
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