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.
Some banks used to be very popular, with hundreds of thousands of customers, but they gradually disappeared from the market because of many reasons.
The agreement surpasses the VND20 trillion ($850 million) acquisition of a 15% stake in BIDV from KEB Hana Bank (South Korea) in 2019, setting a new record in the banking industry.
The country's central bank said the cut in the benchmark interest rate was a crucial step toward reducing market interest rates in the near future.
Gender-diverse leadership teams offer significant benefits to banks, from the strength of leadership teams, and cultural diversity, to viable financial performance metrics.
The new regulation allows bond issuers to extend the term of their bonds by up to two years, which was previously not permitted.
The application of modern and highly automated information technology is expected to create the best conditions for taxpayers to fulfill their tax obligations.
Debuted on February 1, VNG Corporation has seen its market price gain as much as 200%.
The local stock market will not go smoothly in 2023 as risks still persist and hamper its prospects.
The Government’s active stance to address macro challenges would fuel the stock market development in 2023.
Government bond is an important source of revenue for the state budget and supports the development of the capital market.
In 2023, the city is determined to successfully implement its yearly socio-economic goals and realize part of the 2021-2025 key development tasks.
A robust public finance management system will enable Vietnam to achieve its long-term socio-economic growth.
Last year, a similar cut caused the state to miss out on VND3.5 trillion (US$150 million) in revenues.
During the first 10 months of 2022, the State Bank of Vietnam (SBV) was forced to sell an estimated 20% of total foreign exchange reserves to stabilize the exchange rate.
The forecast comes from the country's solid growth of 8% in 2022.
As many as 73% of Vietnamese investors still believe in digital assets, despite market turbulence in 2023.
The authorities also extended the payment deadline for taxes and land rental fees of VND106 trillion ($4.5 billion) for local firms.
Banks' lending continues to be channeled into priority economic fields rather than high-risk ones, such as real estate or the stock market.
Banks should exercise caution when making large loans to customers or financing large-scale projects to minimize risks.
The favorable economic backdrop has enabled banks to take advantage of ample asset origination opportunities to expand while rising household incomes and improved business cash flow keep credit risks in check.
