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.
This projection is lower than the original target set at the beginning of the year, which was to keep inflation below 4.5%.
Decree No. 13 is the third legal document to enhance cyberspace management in Vietnam.
The introduction of the bond trading platform is expected to increase transparency and improve market liquidity.
The global minimum tax will affect multinationals such as Samsung, Intel, LG, Bosch, Sharp, Panasonic, Foxconn and Pegatron, among other investors in Vietnam.
There is an urgent need for the government to take swift action to address the problems in the corporate bond and securities markets.
Among all payment methods, QR code-based payments grew 160% in volume and 40% in value from January to May.
Reforms supported by this credit will strengthen Vietnam's ongoing recovery from the Covid-19 pandemic and subsequent commodity price shocks.
Fitch has affirmed Vietnam's sovereign credit rating at 'BB' with a 'positive outlook.'
The Australian insurtech startup made inroads into Vietnam's agricultural insurance sector, aiming to insure farmers against Southeast Asia's volatile weather.
Lowering bank rates helps businesses and individuals access credit, stimulating the economy.
With the VAT cut to 8% in the second half of this year, the government estimates a revenue loss of VND24 trillion (US$1 billion).
The central bank will continue instructing banks to reduce interest rates, share profits with businesses, and undertake debt restructuring with a greater sense of urgency.
The aim is to steer the market towards a downward trend in interest rates in the future by lowering the ceiling on deposit and operating rates.
With a charter capital of over US$285 million, KBank is the second largest foreign bank branch in Vietnam by charter capital.
This funding, along with a $2 million contribution from the Japan Fund for Prosperous and Resilient Asia and the Pacific financed by the Government of Japan, will support technical assistance to expand inclusive and climate finance in the country.
The merger is expected to close in the third quarter of 2023.
After the last two interest rate cuts, lending rates on the market have fallen to below 8% per annum.
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This would reduce budget revenues by VND5.8 trillion (US$246.7 million) per month and by VND35 trillion (US$1.48 billion) over the last six months of the year.
With a P/E ratio of 11x, lower than most other markets in the world, the Vietnamese stock market is a very attractive choice for long-term investment.
