Banking & Finance

Strong currency inflows from trade surpluses and FDI will support the VND, while an adequate foreign reserve position will also allow the central bank to ease off its foreign currency purchases over the near term.

A stable macro-economic environment is essential for Vietnam to ensure economic independence and boost its resilience against external shocks.

To address the overheated local corporate bond market, the MoF has proposed revising existing laws to differentiate between public offering and private placement for corporate bonds in terms of target buyers.

Efficient debt management will be a major factor helping Vietnam get out of the group of highly indebted countries, a representative of the Ministry of Finance stated.

As the government looks to push for public investment and the central bank keeps a low interest rate environment to aid economic growth, banks are expected to be the first beneficiaries from an economic rebound.

The launch of chip-embedded credit and ATM cards partly contributes to ensuring greater payment security and promoting non-cash payment methods.

F0 investors put their money in stocks they barely know of but were recommended by others, so they become vulnerable when things go wrong and do not know what to do, said an expert.

A framework agreement signed between the two countries has taken bilateral relations to a new level, Finland’s Ambassador to Vietnam Kari Kahiluoto has said.

Real estate sales will be another key driver of credit growth, as apartment supply and sales are likely to pick up in 2021.

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.