Let's review the notable domestic and international economic and financial news that took place in the past 24 hours before today's trading hours.
* National Assembly Chairman: Need to explain persuasively for comments on the revised Land Law draft. National Assembly Chairman Vuong Dinh Hue concluded that comments on the draft Land Law (amended) that are contrary to the Party's guidelines and lines, and contrary to the Constitution, are not accepted but need convincing explanations
* Bamboo Airways has a new group of investors to replace Mr. Trinh Van Quyet. The new investor of Bamboo Airways will provide financial support to the airline and help Mr. Trinh Van Quyet with some money to overcome the consequences of the case (if any).
* JPMorgan: Fed loans will provide $2 trillion to the system. An emergency loan program from the US Federal Reserve (Fed) could inject up to $2 trillion into the US banking system and ease a liquidity crisis, according to JPMorgan.
* Vice President of Samsung: Will continue to spend money despite the global economic downturn. Despite the gloomy business forecast in the context of the global economic downturn, Samsung Electronics Vice President Han Jong-hee affirmed that he will overcome difficulties by focusing on fundamental values, and continue to maintain investments.
* Ho Chi Minh City put the case at F88 Company under surveillance. After 10 days of searching the headquarters and a series of branches of F88 Company, the Ho Chi Minh City Steering Committee for Anti-corruption and Anti-Corruption decided to put this case under surveillance and direction. >>>
* National Bank of Saudi Arabia: It makes no sense to panic about Credit Suisse. Credit Suisse's biggest investor, Saudi National Bank (SNB), said the market panic over Credit Suisse was "absurd". >>>
* VNPost is about to auction nearly 141 million LPB shares, starting at 22,908 VND/share. On April 21, 2023, Vietnam Post Corporation will publicly auction nearly 141 million shares of Lien Viet Post Commercial Joint Stock Bank (HOSE: HM:LPB), equivalent to 10.15% of the bank's capital. >>>
* Credit Suisse credit default swaps hit an all-time high. The cost of insuring Credit Suisse Group bonds from short-term default is about to reach a rare high, and this often signals serious investor concern. >>>
* How to effectively solve bad debts is real estate. Increasing the term of sale and transfer of mortgaged real estate from 3 to 5 years, adding the right to exploit the property by leasing are two of the many solutions recommended by businesses to increase the time. and revenue, thereby resolving bad debts as real estate more effectively.
* Credit Suisse is in the group of 30 important banks with the global financial system. The stock market struggled with ominous news about Credit Suisse – the second largest bank in Switzerland. Not only that, but this is also a bank that international authorities consider important to the global financial system.
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* Which bank has the strongest increase in insurance profit in 5 years?. Although there are mixed opinions about the "handshake" between the bank and the insurance company, it is undeniable that the benefits that insurance brings to the bank's shareholders in the context of the bank's income is not high. still easy to breathe as before, because the risk management policy is increasingly strict. >>>
* BlackRock CEO warns the financial industry is on the brink. BlackRock Inc CEO Laurence Fink warned on March 15 that the US banking sector remains at risk following the fall of Silicon Valley Bank and that inflation will linger, as well as interest rates will continue to increase. >>>
* For the Land Law to enter into people's lives.... The time to collect people's opinions on the draft Land Law (amended) starts from January 3rd and ends today on March 15th. But it seems that everything is still in disarray, although dozens of seminars have taken place, many of which have not been reached for consensus. >>>
* Increase K coefficient: Reduce the gap between the two land prices, the State - the market. After 3 years of stopping, mainly due to the influence of the COVID-19 pandemic, Ho Chi Minh City has officially increased the land price adjustment coefficient (K coefficient) in 2023 in the city, applied from March 18.
Accordingly, the land price adjustment coefficient in Ho Chi Minh City in 2023 will increase by 1 compared to the land price adjustment coefficient in 2022. The land price after multiplying the coefficient will be 18% - 50% of the market price. >>>
* Credit Suisse will borrow $54 billion from the Swiss central bank. Credit Suisse said it would borrow up to 50 billion francs ($53.68 billion) from the Swiss central bank as a secured lending facility and a short-term liquidity instrument. >>>
* Swiss Central Bank committed to inject capital for Credit Suisse. On March 15, the Swiss Central Bank pledged to pump liquidity to Credit Suisse if necessary. It is the first global bank to receive such a commitment since the 2008 financial crisis. >>>
* The reduction of operating interest rates creates positive psychology for businesses. The reduction in interest rates is clearly "positive", which is a signal of policy reversal of the SBV