1. Financial market News
Blue chips that carried VN-Index deep into the green
Ten of the 30 largest capped stocks on the market have gained over 65 percent after the VN-Index bottomed in March this year. On Thursday, the benchmark VN-Index closed at above 1,000 points for the first time since November 20 last year. It had bottomed at 659.21 points in late March, at the height of Vietnam’s first Covid-19 outbreak, and has since gained more than 50 percent. Blue chips, or stocks on the VN30, a basket of the Ho Chi Minh Stock Exchange’s (HoSE) 30 largest capped tickers, have been the market’s main growth driver, with some stocks registering gains double that of the VN-Index, according to reports from several securities companies.
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2. Banking news
‘Hot’ digital banking race on mobile apps
The digital transformation of banks is becoming more and more exciting and the fact that banks are “looking at each other to run” makes it a real race in the market at present.
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3. International finance News
Square and PayPal may be the new whales in the crypto market as clients flock to buy bitcoin
Fintech companies are helping fuel demand for bitcoin as they open the floodgates for millions of people to trade it.
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