WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic

Banking & Finance

External risks weigh on foreign capital pouring into Vietnam’s stock market

External risks weigh on foreign capital pouring into Vietnam’s stock market

Foreign investors’ trading on exchanges and net injecting/withdrawing value from the exchange-traded funds (ETFs) has a high correlation with a usual lag of one month. Hence, although the trend of money withdrawal by foreign investors has not shown any sign of ending, it is expected there will be less selling pressure in October.

Vietnam steps up fight against dollarization

Vietnam steps up fight against dollarization

The stability of the VND has contributed to decreasing demand for the dollar as people prefer the national currency due to the large spread between interest rates on VND and the dollar.

Vietnam c.bank rules out devaluing currency

Vietnam c.bank rules out devaluing currency

Devaluing the dong must take into account trade turnover, foreign debt, current account, so as to ensure the highest national interest and stability of the market, according to the State Bank of Vietnam.

World Bank helps Vietnam strengthen banking sector, solve bad debt

World Bank helps Vietnam strengthen banking sector, solve bad debt

Challenges of the Vietnamese banking sector include issues of asset quality, weak capitalization and regulatory constraints that inhibit further investment in the sector. In addition, Vietnamese banks have higher overheads and provision more for non-performing loans.