Banking & Finance

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.

The Government has earmarked VND14.5 trillion (US$631.8 million) for the purchase of Covid-19 vaccines.

For the first six months of the year, Vietnam’s GDP growth is estimated at 5.8%, lower than the government’s expectation of 6.22%.

The local stock market is expected to be upgraded to the emerging status by 2022.

Following the adjustments, prices of E5, RON92 and RON95 reached the highest since February 14, 2020.

The HoSE has also announced the imminent test of a new trading system provided by the Korea Exchange from June 14-August 8.

This could be a good opportunity for investors to consider buying good stocks that have gradually plummeted to the short-term support area, said a securities company.

In 2021, the government would borrow VND624.22 trillion (US$27.2 billion), including VND527.35 trillion (US$23 billion) from domestic source.

The VN-Index has been one of the best performing in the world with an expansion of 34.51% in the past six months.

Twenty-seven out of 63 provinces/cities have fully disclosed information on their respective budgets this year, scoring 75 points and over, while in 2017, none was able to do so.

High budget revenue in the five-month period was thanks to economic recovery trend that has stated since late 2020.

Prospect of possible trade deficit in upcoming months and the impacts from current Covid-19 pandemic in Vietnam would pose pressure on the USD/VND exchange rate.