Starting November 2, foreign investors will no longer be required to pre-fund 100% of their transactions, promising the removal of a major roadblock for Vietnam's market upgrade process.
Over US$800 million has been spent on Covid-19 vaccines purchase so far.
Successful realization of the program would help boost economic growth in the 2021-2025 period to 6.4-6.8%, one percentage point higher than a scenario without the program.
The move is part of a national strategy to promote non-cash payment in Vietnam in the 2021-2025 period.
Vietnam would accept a higher level of fiscal deficit to continue providing support for businesses.
Funding is empowering SMEs amid difficult access to bank loans.
Many fees and taxes will be waived for businesses and people affected by the pandemic in the remainder of the year.
The move aims to help the country's banking sector resolve bad debts that need a debt market and qualified investors.
The central bank would continue to keep the policy rates unchanged until the end of the year.
Vietnam stock market recorded a seventh consecutive month with the number of new securities accounts exceeding the 100,000-mark.
The proportion of foreign loans in public debts shrank from 73.6% in 2010 to 34.8% in 2021.
The service would go through a nationwide pilot implementation phase for two years.
For trading sessions from October 4-8, the Vn-Index may continue to fluctuate in the range of 1,320-1,360.
The Vn-Index would move on to the next resistance zone of 1,375-1,380 if it can hold on to the 1,350-mark this week.
A group of 16 commercial banks, accounting for 75% of total outstanding loans, has committed to foregoing around VND20.6 trillion ($906.3 million) in waiving and lowering interest rates for customers in the remainder of the year.
The securities company advised investors to buy in mid-cap stocks or blue chips and sell small-cap ones that have earned a sizeable profit for some time.
The basic salary is set to go up from VND1.49 million ($65.46) per month to VND1.6 million ($70.17) from July 2022.
Stocks from firms in fields of retail, tourism, or aviation may become attractive once the process of reopening the economy is accelerated.
The move is aimed at supporting the Vietnamese Government’s efforts and businesses in sustainable development.
The move is set to be applicable to all debts incurred before August 1, 2021, instead of the previous timeline of June 10, 2020.
State budget revenue has been on the rise despite the pandemic situation and helps provide sufficient funds to support the ongoing fight against the pandemic.
