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.
While western banks are having limited presence in Vietnam, their Asian peers have greater interests in the country.
This was a fourth consecutive year that Vietnam remains in the top 10 in terms of remittance.
Elevated consumer leverage could drag down future consumer spending, especially as labor market conditions have been severely impacted by the pandemic.
With a net inflow of US$370 million from exchange-traded funds (ETFs) in April, Vietnam for the first time topped the Chinese market (US$319 million) as a favorable destination for investment fund.
Credit pumping into real estate takes a large share in the total outstanding loans, following by corporate bonds and stock market.
The benchmark Vn-Index rose 4.1% in April and is up 12.4% year-to-date, outperforming the global emerging markets (GEMs), the Asia ex-Japan, and frontier market indices.
The participation individual investors and margin expansion in upcoming times from share issuance of securities firms are serving as key driving forces to boost market growth.
Monetary policy should be maneuvered in a flexible and active manner to ensure sustainable growth and stability of both monetary and foreign-exchange markets, said the Party chief Nguyen Phu Trong.
Positive sentiment among investors led to the expansion of three consecutive trading sessions by 20 points before the break, leading to the Vn-Index standing at nearly 1,240 on April 29.
By 2030, artificial intelligence (AI) and virtual assistant could be used to help provide digital financial services for the people and enterprises via digital communication channels.
The city by 2045 is expected to become a financial and economic hub of Asia and an attractive global city with GRDP per capita of US$37,000.
The central bank would continue to monitor the economic performance to adjust monetary policy accordingly, with the aim of keeping the inflation rate around 4% for this year.
This move may result in a more than US$5 billion reduction in the State's budget collection in 2021.
Vietnam continues to work on ensuring sustainable and balanced trade relations with the US, Prime Minister Pham Minh Chinh has said.
As the benchmark Vn-Index is on track to reach the new height of 1,300 points in short-term, domestic capital inflows would serve as a major driver for growth.
The US Treasury of Department would continue its enhanced engagement with Vietnam.
After completing moving stocks to the Ho Chi Minh City Stock Exchange (HoSE), the one in Hanoi (HNX) would be responsible for government bond transactions and management of the derivatives market.
The central bank will continue to monitor actual economic situation and that of the pandemic to expand credit support appropriately.
Demand for credit may increase sharply since the second quarter, especially in fields of industrial production, exports, trade and tourism, said a senior official of the central bank.
The US$2-billion IPO would make it the largest-ever listing by a Vietnamese company in the US.
