the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) is cooperating with e-commerce giant Amazon to facilitate cross-border trade with a number of support policies, according to a representative of the bank.
The Government has issued Decree No.85/2021/ND-CP amending and supplementing several articles of Decree No.52/2013/ND-CP on e-commerce involving foreign traders.
The Vietnamese Government has issued a decree stipulating that Vietnamese traders are allowed to process legal goods for foreign merchants, excluding the commodities banned or temporarily suspended from export and import.
Local investors are concerned with recent increases in net selling by foreign traders, fearing a capital flight, but experts have tried to calm the market with positive recommendations.
Foreign traders not present in Vietnam will have the right to export or import under Vietnamese law and international treaties that the country has signed.
It’s expected to be a strong September on the local stock market, as investors are maintaining confidence after positive economic data in August and a period of prolonged net buying by foreign traders.
Shares closed down on both national exchanges on November 18 as traders increased selling based on an uncertain market outlook, especially as foreign investors offloaded large-cap stocks.
Experts voiced their concerns over vulnerable farmers and
agribusinesses that are likely to lose in their own home market as
several free trade agreements effective early this year have stimulated
fiercer competition.
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