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.
The return of foreign investors, large amount of money from new investors, and low interest-rate environment are factors that continue to keep up the Vn-Index, said an expert from SSI Securities Corporation.
It is a golden time to invest in Vietnam’s fintech thanks to the growing demand for e-payment.
Thanks to its successful Covid-19 containment, Vietnam saw one of the highest GDP growth rates in the world in 2020.
A short-term solution would be to optimize the transaction process by increasing the minimum trading lot from 10 to 100 shares, starting from January 4, 2021.
New regulations shows that the SBV will reduce one-way intervention in the foreign exchange market.
Fitch Solutions holds a more optimistic view on Vietnam’s economic rebound in 2021, with its real GDP growth forecast at 8.6%, against the government’s 6.5% target.
The State Bank of Vietnam aims to keep the inflation rate below 4% this year to ensure the stability of the monetary and foreign exchange markets.
It is not a coincidence that a strong economic growth period happened when the local stock market was setting new records.
Nearly 50% of Vietnamese customers are using contactless payment, and 51% have e-wallet accounts.
Prime Minister Nguyen Xuan Phuc wants the MoF to continue its reform process and set up a development strategy for the next five to ten years, which is essential during a strong volatile world with high risk of financial crisis.
The State Bank of Vietnam (SBV), the country’s central bank, could promote a reduction in financing costs and lower borrowing costs to help ease hardship for businesses.
The banking sector is set to have a bright outlook in case the economy return to the uptrend growth.
Hanoi remains a spotlight with tax revenue of VND265.89 trillion (US$11.52 billion) in 2020, up 5.9% year-on-year.
As of December 31, 2020, the total value of G-bonds reached more than VND1,350 trillion (US$58.55 billion), up 17.39% year-on-year.
As market markers, entities have the right to participate in the issuance and repurchase of government bonds and notes via bidding.
The economy will continue to face uncertainties in 2021, which requires a cautious and flexible approach in price management.
The stock market will continue to be an efficient capital mobilization channel for Vietnam’s economy and a useful instrument for macroeconomic management of the government.
The fact that interest rates are still very low, will help the local stock markets continue to be an attractive and profitable channel, thereby attracting domestic investor.
Alliex, a fintech company, has cooperated with banks to develop the non-cash payment system nationwide.
Vietnam's effective containment of Covid-19 is seen as a major factor to boost retail sales during final months of the year.
