Market brief 31/08/2022

In the context of slow credit growth, many banks had to actively reduce the size of corporate bonds to have more room to lend. Techcombank, said the bank has reallocated credit by reducing the portion of large corporate bonds to switch to personal home loans. Accordingly, bond outstanding decreased from VND 77 trillion to VND 49 trillion in Q2, equivalent to a decrease of 36%. Another bank, TPBank, also actively reduced its corporate bond balance by VND 4.3 trillion in the second quarter to reserve room for credit growth in the first quarter of the third quarter.

NVL: NVL's payables increased by more than VND 14,000 billion in Q2, most of which was invested by Novaland to develop projects with third parties.

On August 29, European gas prices fell the most since March after Germany announced that its gas reserves were filling up faster than planned.

VIC: Total liabilities as of June 30, 2022 reached VND 396,914 billion. In which, prepaid money from customers and partners to buy the Group's products reached VND 134,106 billion.

MSN: has 84 subsidiaries and affiliates, spanning everything from mining to banking. MSN has attracted investment capital from China's Alibaba and South Korea's SK.

MWG: MWG's retail chain of food and essential consumer goods has closed more than 400 stores (since April 2022). Specifically, by the end of July, Bach Hoa Xanh operated 1,735 stores. The average revenue of each store is about 1.3 billion VND per month. In the first 7 months of the year, Bach Hoa Xanh recorded a revenue of VND 15,200 billion, down 14% compared to the same period last year, contributing more than 18.6% to the total revenue of MWG.