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.
Vietnam recorded a trade surplus of US$2.67 billion during the period.
This is a short-term move to help ease the current overload issue at Ho Chi Minh Stock Exchange (HoSE).
Strong involvement of individual investors and participation of new foreign fund would help offset the net selling trend of foreign investors.
Vietnam’s consumer price index (CPI) is set to average 2.89% in 2021, below the government’s target of 4%.
Four public firms have moved their stock listings to the Hanoi Stock Exchange (HNX).
As of March, the total value of G-bonds reached more than VND1,340 trillion ($58.3 billion), slightly down 0.7% against late 2020.
People and technology are considered as two pillars for the development of Vietnam's capital market.
A transparent manner fully complied with the International Financial Reporting Standards (IFRS) will boost the development of the stock market.
The move is seen as a short-term solution to address the issue of surging orders on the Ho Chi Minh City Stock Exchange (HoSE) that force the stock exchange to halt market trading.
The cross-border QR payment service will facilitate consumption and payments for both countries’ consumers.
Banks in the list are classified as important pillars to the finance-banking system, and therefore subject to close credit risk monitoring and warning under the SBV’s instruction.
Mobile Money is aimed at providing payment services for underprivileged groups of customers, who could not have chance to access traditional banking services.
Government and corporate bonds comprised 82.8% and 17.2% of the local currency bond market, respectively, at the end of December 2020.
Cybersecurity companies predict that the rise of cyberattacks will continue in 2021 in Vietnam.
The rapid advancement of technologies in the banking sector should be accompanied with substantial changes in current legislation, said a banking expert.
All foreign enterprises, who operate and earn revenue in Vietnam, must comply with tax obligations in the country, local taxation authority said.
Public firms in subject will have their stocks temporarily suspended for transaction for at least three working days and resume the process on the fourth day on HNX since the last trading session at the HOSE.
From two large-cap stocks with a market cap of more than US$5 billion in 2015 in the Vietnam market as a whole, there are now 11.
Moody’s decision in upgrading the country’s outlook by two ranks from negative to positive is “unprecedented” since the Covid-19 outbreak, stated Vietnam’s Finance Ministry.
The Vietnamese air carrier is optimistic about its capitalization prospects.
