Banking & Finance

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.

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.