Thailand’s Finance Ministry is preparing a credit guarantee fund worth 50 billion THB (1.35 billion USD) to help small and medium-sized enterprises (SMEs) access credit, local media reported.
The State Securities Commission (SSC) has announced that it will implement a separate corporate bond trading system from July this year to develop a transparent secondary market and increase liquidity for corporate bonds.
The State Bank of Vietnam (SBV)’s recent decision to increase credit room by 1.5-2% for credit institutions aims to increase resources and the supply of credit to businesses and key sectors of the economy, SBV Deputy Governor Dao Minh Tu has said.
The Ho Chi Minh Stock Exchange (HoSE) posted 553 billion VND (23.9 million USD) in 2020 after-tax profit, a record figure that grew 46 percent year on year.
Shares bounced back slightly in the afternoon trade but the VN-Index still lost 60.94 points, or 5.11 percent, closing the January 19 session at 1,131 points.
The State Bank of Vietnam (SBV) should develop policies for commercial banks, helping them disburse capital mobilised from organisations and people, said economic expert Nguyen Minh Phong.
The International Finance Corporation (IFC) – a member of the World Bank Group – will provide another 40 million USD for the Orient Commercial Bank (OCB) to help with the support of COVID-hit clients, especially small and medium enterprises (SMEs).
The State Bank of Vietnam (SBV) bought 8.35 billion USD from credit institutions between the beginning of this year and April 17 to build up the nation’s foreign reserve.
Liquidity in the interbank market has been abundant, helping the State Bank of Vietnam (SBV) resume the issuance of treasury bills after five months to withdraw Vietnamese dong from the banking system.
The liquidity on the derivatives market has shown signs of improvement and stabilising in the past two weeks, beating previous projection that the new trading fees may discourage them from derivative trading.
As many as 88 percent of credit institutions expected their business performance will keep improving in 2019, of which 35 percent anticipated ‘significant improvement’.
The net value of foreign capital flowing into Vietnam’s equity market in 2018 hit 2.8 billion USD, according to State Securities Commission Vice Chairman Pham Hong Son.