Sea freight rates are expected to fall in the second half of 2022, but at a glacial pace, allowing transport firms to reap high profits for another six months, according to experts.
Minister of Finance Ho Duc Phoc has responded in writing to a NA delegate of Lam Dong province on issues related to the management of capital, stock and bond markets.
Despite efforts to increase cheap capital sources, many banks reported their current account savings account (CASA) rate in the second quarter of 2022 declined compared to the previous quarter.
The SSI Securities Corporation reported an after-tax profit of 416 billion VND (17.7 million USD) on revenue of 1.58 trillion VND (67.3 million USD) in the second quarter of the year, a year-on-year decrease of 26% and 8%, respectively.
The State Bank of Vietnam (SBV) has so far this year sold about 12-13 billion USD to stabilise the domestic forex market, according to Viet Dragon Securities Corporation (VDSC).
The risk of a coal shortage and high input material prices have affected thermal power businesses, while hydropower enterprises are expected to benefit from the higher power selling prices compared to last year.
The State Securities Commission (SSC) has said it will intensify the monitoring of the stock market to promptly detect suspicious transactions in the remaining months of the year.
Representatives of the World Bank (WB) and FTSE Russell have committed to further supporting Vietnam to build a sustainable stock market, particularly via regularly exchange and coordination in the market upgrading matter.
National Assembly Chairman Vuong Dinh Hue urged for a healthy banking system in which domestic lenders act as key players and operate in a healthy, effective and transparent manner when assessing the answers of State Bank Governor Nguyen Thi Hong during the Q&A session of the 15th NA in Hanoi on June 9.
Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has submitted a report to National Assembly (NA) deputies on issues raised during the Question-and-Answer session, including credit management and control in potentially risky areas, especially securities lending, corporate bond issuance and real estate.
As securities and real estate sectors are not on the list to receive support, the 2 percent interest rate support package's positive effects on the stock market are not strong.
Total credit supply in 2022 reached over 11 quadrillion VND (474.3 billion USD) as of May 20, up 7.66 percent compared to that at the end of 2021 and doubling the figure recorded in the same time last year, according to Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu.
The fight against corruption and other negative phenomena has been stepped up continuously and expanded to new, tough and lingering areas like land, finance, stock market and bidding since the beginning of this year.
Minister of Finance Ho Duc Phoc had assigned Deputy Finance Minister Nguyen Duc Chi to directly take the charge of the State Securities Commission (SSC) from May 19.
Disciplinary measures have been issued for current and former officials of the Ministry of Science and Technology (MoST), the Ministry of Health (MoH) and the State Securities Commission of Vietnam (SSC) for previous wrongdoings.
An official of the Ministry of Public Security (MPS) mentioned measures for cracking down on fake news while another from the Ministry of Finance (MoF) highlighted ways to ensure the transparency of the financial, stock, and bond markets at the Government’s monthly press conference on April 29.
Hana Financial Investment Co. Ltd. (HFI), a subsidiary company of the Republic of Korea’s Hana Financial Group, has acquired a 35 percent stake in BIDV Securities Joint Stock Company (BSC) in the form of private placement with a total transaction value of nearly 117 million USD.
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