Banking & Finance

SHS forecast the profit-taking will enhance this week and the VN-Index may return to 900-1,000 points.

Capital and expertise of foreign investors can help speed up the banks’ restructuring process.

The inflation in 2020 is forecast at 3.3%, significantly lower than the target of 4% set by the government.

Given a high-risk nature, losses are almost inevitable for investors in forex trading.

Vietnam’s stock market has experienced a volatile third quarter due to the resurgence of the Covid-19.

The focus of the government’s support this time would be for enterprises with high spillover effects to the economy, especially in fields of aviation, tourism and consumer products.

Core inflation rose 2.43% year-on-year in the first eleven months of 2020.

This growth was supported by expansion in both the government and corporate bond segments, stated the ADB.

As of November 17, the country’s credit growth was estimated at 7.26% against the end of 2019, resulting in VND8,790 trillion (US$377.7 billion) in outstanding loans.

Further support is needed from policymakers to provide both legal and infrastructure means to boost e-payment in Vietnam.

Many banks are on the brink of losing their market shares in case they lag behind in the digitalization process.

The banking sector should be a pioneer in the digital transformation process, Prime Minister Nguyen Xuan Phuc has said.

The merging process of Hanoi and Ho Chi Minh City stock exchanges into the Vietnam Stock Exchange continues to be a priority in the coming time.

State budget allocation would continue to be prioritized for the Covid-19 fight, recovery efforts in the wake of natural disasters, social welfare, national security and foreign affairs.

Fitch expects the economy to continue to recover, helped by well-controlled local coronavirus infection rates.

This is the seventh consecutive year that the finance ministry publishes the report on state budget estimates, which the ministry considers an important practice to promote transparency and publicity of Vietnam’s state budget.

The ASEAN way against the pandemic is an inspiration for the world to foster global cooperation and build a better world, stated the IMF managing director.

The VN-Index edged up 2% month-on-month in October to finish at 925.47 and was among the best-performers in the world.

By 2025, Vietnam’s public debt is projected at 47.5% of the revised GDP (which is 25.4% higher than current method of GDP’s calculation), or 60.4% of the level before being revised.

Under the new regulation, state-owned commercial banks where the state holds more than 50% can now be able to raise their registered capital to maintain the government control.