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.
Both sides are committed to maintaining close cooperation and look forward to addressing other shared challenges, such as supporting a strong and inclusive recovery from the Covid-19 pandemic.
Vietnam’s bright economic outlook remains a pull factor for foreign investors.
The government expects a budget deficit of $86.7 billion, or 3.7% of the GDP, in the next five-year period.
The cut, which begins from this month to late 2021, will depend on each bank’s financial situation.
As the pandemic continues to persist, stronger measures are needed to restructure debts and lower interest rates for customers.
The total number of securities accounts in the country is estimated at over 3.39 million, or 3.5% of the population.
Over 85% of credit institutions and banks projected to be profitable in 2021.
The trading system went smoothly without any crash as liquidity reached VND28 trillion (US$1.22 billion) at the close, slightly up from previous sessions.
All factors are pointing to a positive prospect of Vietnam’s stock market by the end of this year.
A cautious approach in managing inflation could help ensure the consumer price index (CPI) staying below 3%.
Government agencies are working on a legal framework for the management of cryptocurrencies and assets.
The system is capable of processing up to five million transaction orders.
Experts called for Vietnam to soon provide a legal framework for the securitization of bad debts.
On an annual basis, the bond market expanded 19.0% year-on-year in the first quarter of 2021, led by corporate bonds, which more than doubled during the quarter.
Since the first crash last December, stock authorities have been actively working on solutions to solve the issue.
Tax authorities said they would review the roadmap of taxation collection and pilot tax withholding at some e-commerce sites.
A 0% deposit rate amid a high inflation rate would turn people away from banks and look for other investment channels such as real estate, securities, or gold with higher risks, stated an expert.
The credit growth target of 12% for this year remains feasible, and could even be higher in a favorable condition.
The mid-term outlook of the market remains bright, but in short-term, investors may face certain risks.
In contrast to steady endeavors by provinces/cities to improve efficiency and fairness in budget management, the performance of State agencies in this regard has left much to be desired.
