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 average transaction value in the stock market is estimated at VND7.05 trillion (US$304.8 million) per session, up 51.5% year-on-year.
The move is aimed to ensure greater efficiency and transparency of Vietnam’s stock market.
Core inflation rose 2.31% year-on-year in 2020.
As of December 15, the budget revenue collection reached VND1,307.4 trillion (US$56.67 billion), equivalent to 86.5% of the year's estimate.
The Central bank has lowered its interest rate cap three times by a combined of 1.5-2 percentage points per annum, which is the largest cut in the region.
The banking system has been providing support for 590,000 customers, mainly in forms of debt restructuring or freezing and waiving debt payment with outstanding loans worth over VND1,000 trillion (US$43.31 billion).
The Vietnamese stock market can surprise investors with a “big year” returns during the 2020-24 period.
Applying international standards becomes necessary amid the world's financial markets have become increasingly interconnected.
Total capital mobilized by credit institutions in Hanoi this year is estimated to increase by 12.91% year-on-year and total outstanding loans at 9.58%.
To help accelerate the application of chip cards, most banks are offering the switch free of charge.
The money flow is expected to help the market moving to the 1,070-1,085-resistance zone for a short correction phase, but will continue to maintain its positive uptrend by the weekend.
As of the end of the third quarter, Vietnam has around 93.78 million bank cards in circulation, in which the majority are magnetic cards.
The Decree governing the establishment and operation of the Local Development Investment Funds was signed by the Prime Minister on December 18.
The Ministry of Finance is planning to further support the business community, including the extension of the validity period for existing support programs already in place.
A devaluation of the Vietnamese dong will disrupt and cause severe consequences to the local economy, said an expert.
This is the first time that the state-run bank claims the first spot in the stock market in terms of market capitalization.
It is the first time that a traditional gold trading enterprise in Vietnam is allowed to conduct online gold trading.
The Covid-19 pandemic has changed customers’ behavior and perception regarding digital banking services.
Given abundant liquidity and low demand for credit, banks are offering attractive loans during the year-end period.
The release of these figures is a key step in promoting transparency and publicity of Vietnam’s state budget.
