Market Newsletter on 13/6/2023
EVNGENCO3 ensures a stable ‘background’ power supply in the dry season As one of the main power sources running on the background, electricity from EVNGENCO3 has contributed significantly to the national electricity system. It is known that in May, the national electricity system’s load increased due to intense heat on aContinue Reading
Explosion of cashless payments: Fault creates opportunity
The Covid-19 pandemic has caused a major disruption in life and production and business activities. But this spurred a spike in cashless payments. After the pandemic, non-cash payment is increasingly developing as banks grasp the trend, expand services, and people have adapted to new payment methods. Difficulty is leverage Since the beginningContinue Reading
International financial news on 13/6/2023
Binance and Coinbase Shock: Billions of USD fled from the virtual currency exchange Many investors have begun to fear and lose confidence in the cryptocurrency market after successive lawsuits against Binance and Coinbase. On June 5, the US Securities and Exchange Commission (SEC) sued Binance and CEO Changpeng Zhao forContinue Reading
High interest rate on home loan 12 – 14%: Customers pay interest to the bank every month
Home loan interest rates are still anchored at a high level, putting financial pressure on existing borrowers, while new borrowers have to “falter”. According to experts, home loan interest rates cannot fall as quickly as expected. Worried because interest is still anchored high Demand for housing is still huge. In the contextContinue Reading
Morning banking news on 13/6/2023
Cross-banking ownership: ‘Everyone knows and recognizes it, but it’s very difficult to name and show face Delegate Trinh Xuan An (Doan Dong Nai) said that the anti-cross-ownership regulation in the revised draft Law on Credit Institutions introduced this time is not strong. National Assembly member Trinh Xuan An. Discussing theContinue Reading