Morning news 2-1: Home loan interest rates increase; Star stocks in 2024 revealed

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Home loan interest rates increase

According to the recently released report on the outlook for the housing real estate industry in 2025, SSI Securities Investment Analysis and Consulting Center stated that preferential home loan interest rates in 2024 are at their lowest level ever.

Specifically, interest rates range from 5.3% to 7.2% per year in 2024, due to fierce competition among domestic banks to attract home buyers and reasonable capital costs.

However, since the beginning of November 2024, statistics from SSI show that some domestic banks ( Agribank , Techcombank, VIB and MBB) have slightly increased deposit interest rates.

GOLD PRICE UPDATE

The average deposit interest rate has accordingly increased from a low of 4.8%/year to 5.5%/year in the second half of 2024.

SSI pointed out that the reason for the interest rate increase was due to higher credit growth compared to the same period, causing a potential cash shortage during the high credit season (Q4-2024 to Q1-2025).

At the same time, higher rates of return from other investment channels, such as gold and real estate, reduce people's need to deposit money.

With slightly higher funding costs, average home loan interest rates could rise slightly from early 2025, according to SSI.

However, SSI experts expect stable deposit interest rates and low inflation in 2025 to keep preferential home loan interest rates lower than pre-COVID-19 levels, supporting growth in the real estate market.

“If preferential home loan interest rates increase significantly in 2025, to 9-10% per year, the real estate market may stagnate due to high loan values, putting pressure on home buyers to pay off debt and interest,” SSI worries.

Revealing the "star" stocks of 2024

According to Fiingroup's report, entering 2024, investors have high expectations for improvements in domestic consumer demand and major export markets (US, EU, China, etc.), recovery of the real estate market, efforts to accelerate public investment capital and new technology trends.

Accordingly, the industries assessed as having potential are retail, steel, real estate, banking, export (seafood, textiles, chemicals), information technology, construction, and building materials.

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However, according to Fiingroup, in reality, the "stars" of 2024 are "concentrated" stocks in the telecommunications (VGI), express delivery (VTP), water transport (MVN), and warehousing, logistics and maintenance (ACV) industries.

These are stocks with low circulating volume, state shareholders hold over 90% (except VTP over 60%).

Next are stocks in the retail technology and export (textile and garment) groups. On the contrary, key industries (accounting for a large proportion of the market capitalization and liquidity) recorded less positive developments, except for banks.

A company in Hung Yen was fined for reporting losses as profits.

The State Securities Commission has just issued a decision on administrative sanctions against Phuong Anh International Joint Stock Company located in My Hao town, Hung Yen.

Accordingly, this enterprise was fined 60 million VND for not publishing information on time as prescribed.

At the same time, he had to pay 125 million VND for publishing false information.

Specifically, Phuong Anh International Joint Stock Company announced false information about its 2023 post-corporate income tax profit figures in its 4th quarter 2023 financial report.

According to the financial report for the fourth quarter of 2023, the company's after-tax profit is more than 106 million VND.

However, according to the audited financial report for 2023, the profit after tax was -288.9 million VND.

In addition to paying the fine, the Securities Commission also required Phuong Anh International Joint Stock Company to cancel or correct information for publishing false information.

Producer of 'Brother Overcoming a Thousand Challenges' withdraws from two subsidiaries

Yeah1 Group Joint Stock Company (YEG) has just announced that it has completed the transfer of all shares at ANA Entertainment Joint Stock Company and Care Group Joint Stock Company according to the policy approved in Resolution No. 820.

Accordingly, ANA Entertainment Joint Stock Company, Care Group and their subsidiaries and affiliates are no longer subsidiaries and affiliates of Yeah1.

The Brothers overcame thousands of hardships and had a brilliant year – Photo: NAM TRAN

Last June, the producer of the show “Anh trai qua ngan cong thorn” issued a board resolution approving the transfer of shares owned in 6 companies.

It clearly states the transfer of 2.97 million shares (equivalent to 99% of capital) of ANA Entertainment Joint Stock Company; nearly 34 million shares (equivalent to 99.975% of capital) of Care Group Joint Stock Company.

Administrative violations in insurance business can be fined up to 200 million VND

Decree No. 174 of the Government regulating administrative sanctions for violations in the field of insurance business, effective from February 15, 2025.

The maximum fine for individuals committing administrative violations in the insurance business sector is 100 million VND, and for organizations it is 200 million VND, with an additional penalty of temporary suspension of operations.

Social insurance officer checks information on employee's health insurance card - Photo: NAM TRAN

Acts of colluding with insurance beneficiaries to settle insurance claims and pay insurance money illegally; falsifying documents and intentionally falsifying information to refuse compensation and pay insurance money when an insurance event has occurred;

Forging documents, intentionally falsifying information in insurance claim files, paying insurance money; causing damage to one's own property or health to enjoy insurance benefits, except in cases where the law provides otherwise and not to the extent of criminal prosecution, shall be subject to the following fines:

A fine of between VND 20 million and VND 40 million shall be imposed for one of the following violations where the amount of money appropriated is less than VND 10 million or the damage caused is less than VND 20 million;

A fine of between VND 40 million and VND 60 million shall be imposed for one of the following violations in which the amount of money appropriated is between VND 10 million and under VND 15 million or the damage is between VND 20 million and under VND 30 million;

A fine of between VND80 million and VND100 million shall be imposed for one of the following violations in which the amount of money appropriated is between VND15 million and under VND20 million or the damage is between VND30 million and under VND50 million.

A fine of between VND 160 million and VND 200 million shall be imposed for one of the following acts of fraud in insurance business by a commercial legal entity in which the amount of money appropriated is less than VND 200 million or the damage is less than VND 400 million or does not reach the level of criminal prosecution.

Forced to return the amount of money embezzled.

New regulations on business conditions for vehicle inspection services

The Government has just issued Decree 166, effective from January 1, regulating the conditions for business of motor vehicle inspection services; organization and operation of inspection facilities; and the life span of motor vehicles.

Staff of the 29-10D Vehicle Inspection Center (Hanoi) checks the headlights of the vehicle for inspection - Photo: TUAN PHUNG

Specifically, in addition to meeting the requirements on facilities, organizational structure, human resources and quality management system as prescribed, inspection service business establishments must also have inspectors suitable for their functions;

Have documents and papers as prescribed by the law on construction, land law; traffic connection and road connection as prescribed; environmental protection, safety, labor hygiene, fire prevention and fighting and other relevant laws when constructing and putting the inspection facility into operation.

The vehicle inspection facility premises are regulated as follows:

– Only one type I inspection line: 1,250m ² ;

– Only one type II inspection line: ^1,500m2 ;

– There are two inspection lines: ^2,500m2 ;

– If there are three or more inspection lines, the area for each line increases accordingly from the third line onwards: ^625m2 .

If the inspection facility is located in the same location as a bus station or rest stop, the above regulations do not apply.

A vehicle inspection facility must have at least one inspection facility leader who is a class II inspector or higher; one inspection department leader who is a class I inspector; two inspectors of class II or higher...

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New Year at the construction site of Dai Ngai 2 Bridge – Photo: DINH CONG TAM

Source: https://tuoitre.vn/tin-tuc-sang-2-12-lai-suat-cho-vay-mua-nha-tang-len-lo-dien-co-phieu-ngoi-sao-nam-2024-20250101210716173.htm