Vietnamplus

The southern province of Dong Nai has reviewed support industries for spearhead industrial sectors, in addition to high-tech industry.

Margin trading should be allowed on the Unlisted Public Company Market (UPCoM) to increase the exchange’s liquidity.

Vietnam’s stock market has recovered quickly and strongly since the COVID-19 outbreak was brought under control and losses incurred earlier in the year have been reclaimed, a discussion in Hanoi on October 21 heard.

The SSIAM Asset Management Company Limited (SSIAM) and its partners, the Charoen Pokphand Group’s CT Bright (CTB) and Japan’s Mercuria Investment Co. Ltd (MIC), held an online signing ceremony on October 14 to establish the Vietnam Growth Investment Fund (VGIF).

The Ministry of Construction is completing a draft resolution to encourage the development of low-cost commercial apartments to submit to the Government in the third quarter of this year.

The State Securities Commission was established on November 28, 1996 in line with Decree No. 75/1996/ND-CP of the Government. The Ho Chi Minh City Securities Trading Centre was formed in accordance with a decision dated July 11, 1998.

The Ho Chi Minh City Securities Center (the forerunner of the Ho Chi Minh City Stock Exchange, or HoSE) held its first trading session in July 2000, marking the birth of Vietnam’s securities market. Two decades later, the market has affirmed its role as an effective capital mobilising channel for the economy, contributing significantly to the equitisation of State-owned enterprises (SOEs) and aimi

Many private enterprises said they want to invest in building renewable energy infrastructure, but Vietnam still lacks mechanisms to encourage private enterprises to participate in this activity.

The domestic corporate bond market developed rapidly in April, an official from the Ministry of Finance (MoF) said on May 11, marked by the strong involvement of private investors.

The transport sector is striving to construct around 4,000-5,000km of expressways in the next 10 years, towards forming a national highway system in order to improve connectivity among regions nationwide, said Minister of Transport Nguyen Van The.

Remittances poured into Vietnam have increased continuously through years, contributing to raising foreign currency supply and stabilising the exchange rate.

Prime Minister Nguyen Xuan Phuc has signed a directive to promote the development of digital enterprises in Vietnam with a target of developing 100,000 tech firms by 2030.

Rising medium- and long-term capital demands to meet stricter regulations on credit safety limits and capital adequacy early next year were putting pressure on commercial banks to issue bonds in the final months of the year, experts said.

At the end of November, the size of the Government bond (G-bond) market was equal to 25.1 percent of the gross domestic product (GDP) of 2019, rising 12-fold from 2009, data show.

Vietnam’s Government bond (G-bond) market would become a safe, effective and highly lucrative investment mechanism for commercial banks, insurance networks, investment funds and foreign investors.

Banks are reporting better profits for the third quarter this year, with Vietcombank leading the way despite the predicted slowdown in credit growth.

The Government has considered mobilising capital from domestic enterprises to invest in the first construction phase of Long Thanh international airport project.

A list of 755 enterprises failing to register to list on the stock market after equitisation will soon be announced.

Most domestic credit institutions and foreign banks’ branches in Vietnam expect their business performance in 2019 to be better than last year despite the predicted slowdown in credit growth.

Most domestic credit institutions and foreign banks’ branches in Vietnam expect their business performance in 2019 to be better than last year despite the predicted slowdown in credit growth, according to the State Bank of Vietnam's latest survey released late last week.