Banking & Finance

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.

The new agreement will help cut short processing time for listed firms and prevent disruption to trading activities.

Vietnamese telecom companies are accelerating the preparation for the launching of direct carrier billing services in next few months.

While there are several upside risks, moderating food prices should keep Vietnam’s inflation under control.

The government and the International Finance Corporation aims to increase the number of women in leadership positions in banks.

A no-rise in minimum wage would create conditions for enterprises to recover and workers keeping their jobs, stated the labor ministry.

The fact that nearly 19,800 enterprises temporarily suspended operation in the first two months of 2021, up 60.5% year-on-year, has also contributed to a decline in tax revenue.

The new change is set to take effect from March 3, 2021, under a SSC’s instruction once a technological solution could fully solve the current overload issue on HOSE.