Ho Chi Minh City’s consumer price index (CPI) in February 2012 is estimated to have accelerated by 1.32% from January 2012, up 2.22% from December 2011 and 15.40% on year, the city’s General Statistics Office (GSO) said.
Macro Economy
Ho Chi Minh’s February CPI Rises 1.32%: GSO Ho Chi Minh City’s consumer price index (CPI) in February 2012 is estimated to have accelerated by 1.32% from January 2012, up 2.22% from December 2011 and 15.40% on year, the city’s General Statistics Office (GSO) said.
Hanoi: February Credit Growth +1.04%; Total Deposits + 1.03% M-o-M Total outstanding loans of commercial banks in Hanoi are estimated at VND581.599 trillion in February, up 1.04% on-month, yet down 0.77%, according to statistics from the municipal Statistics Office.
Foreign Banks in Vietnam: Deposits Grow, Bad Debts Stay Low Total deposits of foreign banks in Ho Chi Minh City were estimated to reach VND116.837 trillion by the end of last year, up 32.15% on year while their bad debts were recorded at only 1.14% of their total outstanding credits.
Market News
Vietnam’s Tight Credit Policy Depresses Shares Substantial gains on Friday helped mitigate the stock market’s overall downward trend last week, as well as give a boost to investor psychology heading into this week’s trading.
Vietnam Stocks May Climb 25%, Manulife Says Vietnam stocks, Asia’s worst performers in 2011, may climb 25 percent this year as lower interest rates bolster corporate earnings, according to Manulife Asset Management (Vietnam) Co.
Vietnamese Stocks May Rally as Inflation Eases, Dragon Says Vietnamese stocks, the second-best performers in Asia this year, are cheap and may rally in the next two quarters as slowing inflation prompts the central bank to cut interest rates, Dragon Capital Group Ltd. said.
Market Likely to Extend Gains This Week Securities enterprises have advised investors to increase buying as the market may continue rallying this week after it rebounded on improved sentiment and global markets over the weekend.
