Electricity price framework 2023; salary policy reform

- Ministry of Industry and Trade approves electricity generation price framework for 2023

The Minister of Industry and Trade has just issued a decision approving the electricity price framework for 2023. Accordingly, the electricity price framework for coal-fired thermal power plants is 0 - 1,559.7 VND/kWh (excluding value added tax). Thus, compared to the electricity price framework for 2022, the ceiling price of coal-fired electricity has decreased by about 200 VND/kWh (the price framework for 2022 is 1,773.76/kWh).

- Salary policy reform from July 1, 2024

Authorized by the Prime Minister, Minister of Home Affairs Pham Thi Thanh Tra has just signed the Government's report on the management of cadres and civil servants to the National Assembly deputies. One of the notable contents reported by the Minister of Home Affairs to the National Assembly deputies is the reform of salary policy and other regimes and policies from July 1, 2024. (See more)

- 86 stocks had their margin cut by HoSE in the last quarter of the year

The Ho Chi Minh City Stock Exchange (HOSE) has just announced a list of securities that are not eligible for margin trading in the fourth quarter of 2023. This list has a total of 86 codes that are not eligible for margin, a decrease of 10 codes compared to the most recent announcement on September 19 (according to Cong Thuong Newspaper).

- Domestic investors opened nearly 173,000 new securities accounts

According to data from the Vietnam Securities Depository (VSD), domestic investors opened 172,695 new securities accounts in September, down more than 15,000 accounts compared to the previous month but still the second highest level in more than a year. By the end of September, the total number of domestic individual investor accounts had exceeded 7.76 million accounts, equivalent to about more than 8% of the population (according to Nhip Song Thi Truong).

- Private corporate bond issuance reached nearly 13,900 billion VND in September

According to data compiled by the Vietnam Bond Market Association (VBMA) from the Hanoi Stock Exchange (HNX) and the State Securities Commission (SSC), there were 14 private issuances in September with a total value of VND13,865 billion. These issuances had an average interest rate of 9.1%/year, with terms ranging from 1.5 to 8 years (according to VTV Digital).

- Vietnam welcomes over 1 million international visitors for the third consecutive month

In September, there were more than 1 million international visitors to Vietnam. This is also the third consecutive month that our country's tourism industry has welcomed over 1 million foreign visitors (according to VTV).

- A private bank's capital increase is equal to 9 other banks combined.

Private banking giant VPBank has the largest charter capital in the system with over VND67,000 billion. When increasing its charter capital to a new level of over VND79,000 billion, VPBank is still as large as the other 9 joint stock commercial banks combined. (See more)

- VinFast shares down to 9 USD/share

vfs2023oct03 9usd 1351.jpg — VinFast shares fall to lowest level since listing on Nasdaq.

VinFast shares fell for the third consecutive session and fell to the $9 range as CEO Le Thi Thu Thuy predicted before VFS listed on Nasdaq. At the current price, VinFast Auto's (VFS) capitalization is below $22 billion, lower than the initial valuation when merging with Black Spade (23 billion USD). (See more)

- Slow information disclosure, FLC Group continues to be punished

FLC Group continues to be fined for not publishing financial reports as required. FLC is also currently unable to hold its 2023 annual general meeting of shareholders. (See more)

- Thousands of leather shoe workers come to the company and then leave.

Thousands of workers at a shoe factory in Nghe An came to work but did not go to work and left. They said that there was a regulation to increase wages but the company had not complied after a long time. (See more)

- Many resort real estate giants are struggling

Many large resort real estate businesses are struggling in the context of deserted tourist resorts. Meanwhile, the supply of resort real estate shows signs of surplus. (See more)

- Pork prices hit rock bottom again, farmers suffer losses

Pork production increased, while weak market demand and complicated disease developments pushed pig prices to rock bottom. Pig farmers these days are having to endure losses. (See more)

Today's oil prices on the world market continued to decline from the previous session. Oil prices plummeted due to a series of factors such as the strengthening of the greenback, higher interest rates, and the gloomy outlook of the global economy.

On the stock market , on October 4, the VN-Index increased by 10.57 points to 1,128.67 points. Securities and fertilizer - chemical stocks performed very positively.

The bank USD price cooled down today, the selling price fell below 24,600 VND/USD. The central exchange rate also increased by 20 VND compared to yesterday. The world USD price stagnated.

Gold prices on the international market today have increased again, despite the USD soaring to a 10-month peak. SJC gold prices have also increased in both directions.

Today, the focus of attention is on the three "big guys" Agribank, VietinBank and BIDV after Vietcombank's sharp decrease. Meanwhile, a "lower" bank, GPBank, unexpectedly increased its deposit interest rates for terms from 6-36 months.

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