Banking & Finance

New funds to help bank meet the financial needs of SMEs, businesses owned by Vietnamese women, and others with issues accessing credit.

According to the State Securities Commission of Vietnam (SSC), the fluctuations on Vietnam’s stock market stem from many causes, both domestic and international. Deposit interest rates at banks have increased to attract cash flow back to the banking system and reduced the appeal of securities in the short term. Stock market investors do gain in importance during periods of economic and political instability.

MoU to support government efforts to leverage the capital market to tackle climate change through green and sustainable finance.

The Vietnam Stock Exchange (VNE) has registered to become a member of the World Federation of Exchanges (WFE). It also became a member of three other international organizations this year: the Asian and Oceanian Stock Exchanges Federation (AOSEF), the ASEAN+3 Bond Market Forum (ABMF), and Association of ASEAN Stock Exchanges (ASEAN Exchanges).

Figures from SSI show that October was a successful month for exchange-traded funds (ETFs), which posted total net inflows of more than VND3.1 trillion ($125.2 million); the second-highest since the beginning of 2022 and just under the May figure. ETFs have attracted an additional VND13.2 trillion ($532.9 million) since the beginning of the year.

Sacombank signed a cooperative agreement with Temenos and HiPT on November 8 on implementing an omnichannel banking platform. The signing is an important step towards the bank providing an outstanding customer experience, strengthening its digital capabilities, and promoting its comprehensive digitalization.