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 surge in gold demand comes from fears of inflation and the weakness of the Vietnamese dong.
Standard Chartered economists expect the State Bank of Vietnam (SBV) to keep the policy rate on hold at 4.0% in 2022 to support economic growth and businesses, despite rising inflation.
Budget revenue from securities, real estate and banking increased sharply compared to the same period last year.
In the six months, companies have also bought back corporate bonds worth VND62 trillion ($2.65 billion) before their maturity date.
In the last half of 2022, banks may ease loan conditions so that more customers could access credit, given the positive economic outlook and their improving financial capacity.
The room for cashless payments in Vietnam is huge.
The financing deal marks the largest mid- to long-term syndicated term loan facility ever raised by a commercial bank in Vietnam.
Futuremakers supports disadvantaged young people, especially girls and people with visual impairments, to learn new skills and improve their chances of getting a job or starting their own business.
According to economists at Standard Chartered Bank, Vietnam's inflation in 2022 and 2023 is forecast at 4.2% and 5.5% respectively.
The Ministry of Public Security has swiftly acted to clamp down on false information over Vingroup Chairman Pham Nhat Vuong, saying it has caused negative impacts on business operations and the stock market.
The interest subsidy scheme is estimated to total VND40 trillion (US$1.76 billion) for the 2022-2023 period.
The fund will be part of the ASEAN Green Recovery Platform launched at COP26.
The banking sector is set to continue promoting the use of non-cash payment methods with greater convenience and safety for the public.
The Government is looking at measures to curb the rising trend of petrol prices on the domestic market, which is placing a huge burden on the economy.
Vietnam and the UK would strengthen cooperation in green finance, and digitalization of the financial sector, with the UK's assistance in providing the required resources for Vietnam to realize its commitments at the COP26.
The move is expected to help accommodate the momentum of the exchange rate and the pressure on foreign exchange reserves.
Rising prices of strategic goods, including petrol, fertilizers, and farm produce are putting pressure on the Government’s efforts in market price management.
The open-plan office is located in the grade A Capital Place building, Ba Dinh District, Hanoi.
Such a move would help ensure that banks and credit institutions have the means to meet the demand for foreign exchange from individuals and organizations.
Against the backdrop of rising USD value, the Vietnamese Dong has depreciated by a mild margin of 2% compared to Thai’s Bath (down 7%), Japanese Yen (14.6%), and Taiwanese dollar (5%).
