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 Ministry of Finance is expected to ease pre-transaction deposit requirements for foreign investors this year.
The central bank achieved some success in managing the foreign exchange market as the USD/VND exchange rate maintained a sliding rate of about 3.1% in 2023, despite some periods approaching the VND24,800 threshold.
If the stock market is upgraded to emerging status, the potential influx of foreign capital could range between $5 and $8 billion.
The main goal of the banking sector is to support economic growth while controlling inflation, contributing to the stability of the macro-economy, the monetary and foreign exchange markets, and financial security.
A reduction in interest rates is expected to fuel better credit performance in 2024 compared to last year.
Proactive and coordinated efforts among Government agencies are key to achieving the goal of upgrading Vietnam's stock market from the current frontier to emerging market status.
The move is aimed at facilitating cashless payments in both countries.
The move is expected to increase tax revenue by over VND14.6 trillion ($603.5 million) from 122 foreign multinationals operating in Vietnam.
Vietnam’s government bond yields climbed across all tenors for September 1 - November 10 driven by a rise in inflation and the US Federal Reserve’s decision to keep interest rates high for an extended period.
However, Vietnam was placed back on a US Treasury currency "watch list".
Through strengthening Vietnam’s fintech industry and fostering the digitalization of the banking sector, the program offers new opportunities for Small- and medium-sized enterprises to improve their access to financing.
It is expected that there will be cashless streets in every district of the capital.
The extension will result in individuals' savings in spending and living expenses, potentially stimulating demand and boosting consumption.
The activity will demonstrate the strength of European-Vietnamese cooperation and pave the way for a successful green transition.
The banking sector assumes a vital role in introducing innovative financial instruments and suitable investment methodologies to enable Vietnam to achieve its net-zero emissions goal by 2050.
This partnership represents a clear commitment by both parties to address climate change within their value chains.
The initiative aims to make cross-border transactions faster, more transparent and cost-efficient, and assure benefits and obligations of consumers.
The platform's operation significantly contributes to the corporate bond market, progressively increasing transparency and mitigating transaction risks.
VinFast business combination with Black Spade was approved at an extraordinary general meeting of Black Spade’s shareholders on August 10.
The program aims to empower and equip young Vietnamese leaders with the knowledge, resources, and network to effectively communicate the complexities of sustainability to their peers.
