Banking & Finance

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.

Environmental, social, and governance (ESG) is a focus on a series of webinars which will be jointly held by the two foreign entities in Vietnam.

Investors remained cautious due to the current serious Covid-19 situation.

The aim is to improve stock market operations to attract investors and diversify funding sources for the growth of domestic enterprises, supporting sustainable economic development.

While there may be some fluctuation, the market may have entered its short-term recovery phase and moving to the resistance zone at 1,340.

Investors have been more cautious against the backdrop of the global economy on the downside and Vn-Index’s unsuccessful attempts to surpass the 1,380-mark.

With such a move, customers would now have another six months to recover their business operations.

The low-interest-rate environment remains the key driving force for the stock market.

It is a golden time to invest in Vietnam's e-payment service.