Homepage

Banking & Finance

HCMC’s 2023 budget revenue forecast at $20bln
Banking & Finance

HCMC’s 2023 budget revenue forecast at $20bln

Ho Chi Minh City’s budget revenue in 2023 has been forecast at about VND496 trillion ($20.6 billion). This figure is overwhelming for a city that has only recently overcome the Covid-19 pandemic. According to the Ministry of Finance, the city’s budget revenue in 2022 is estimated at VND427 trillion ($17.7 billion); the highest on record since the pandemic began.
Banking & Finance

Stock market still popular among investors

As of the end of September, customer deposit balances at 32 leading securities companies had reached nearly VND67 trillion ($2.69 billion), down by more than VND3 trillion ($120 million) compared to the end of the second quarter. This shows that the amount of money withdrawn from the stock market is not significant and individual investors still consider securities an attractive investment channel compared to other channels such as gold, virtual currencies, bank savings, and real estate.
Banking & Finance

SCIC aims to become a strategic investor of the government

Addressing the Conference of Representatives of the State Capital Investment Corporation (SCIC)’s capital at enterprises on October 21, SCIC Deputy General Director Le Thanh Tuan said the total capital owned by the SCIC currently accounts for nearly 2 per cent of total State capital in enterprises. The SCIC will strive to improve the efficiency of representatives of State capital in enterprises and be a strategic investor of the government.
HCMC’s 2023 budget revenue forecast at $20bln

HCMC’s 2023 budget revenue forecast at $20bln

Ho Chi Minh City’s budget revenue in 2023 has been forecast at about VND496 trillion ($20.6 billion). This figure is overwhelming for a city that has only recently overcome the Covid-19 pandemic. According to the Ministry of Finance, the city’s budget revenue in 2022 is estimated at VND427 trillion ($17.7 billion); the highest on record since the pandemic began.
SBV raises USD selling price again

SBV raises USD selling price again

The State Bank of Vietnam (SBV) increased the selling price of USD once more on October 24, from VND24,380 to VND24,870. The price has increased by a total of VND1,720 this year.
SBV increases interest rates

SBV increases interest rates

The State Bank of Vietnam (SBV) has decided to increase the refinancing interest rate, the rediscount rate, the ceiling interest rate for deposits under six months, and lending rates for priority sectors by 1 per cent. It also said it will closely monitor domestic and international market developments to quickly and flexibly manage monetary policy.
Stock market still popular among investors

Stock market still popular among investors

As of the end of September, customer deposit balances at 32 leading securities companies had reached nearly VND67 trillion ($2.69 billion), down by more than VND3 trillion ($120 million) compared to the end of the second quarter. This shows that the amount of money withdrawn from the stock market is not significant and individual investors still consider securities an attractive investment channel compared to other channels such as gold, virtual currencies, bank savings, and real estate.
SCIC aims to become a strategic investor of the government

SCIC aims to become a strategic investor of the government

Addressing the Conference of Representatives of the State Capital Investment Corporation (SCIC)’s capital at enterprises on October 21, SCIC Deputy General Director Le Thanh Tuan said the total capital owned by the SCIC currently accounts for nearly 2 per cent of total State capital in enterprises. The SCIC will strive to improve the efficiency of representatives of State capital in enterprises and be a strategic investor of the government.
SBV strengthening management of foreign borrowing

SBV strengthening management of foreign borrowing

Circular No. 12/2022/TT-NHNN from the State Bank of Vietnam (SBV) on foreign exchange management in foreign borrowing and repayments by enterprises will take effect from November 15. Enterprises must publish monthly online reports on their website on foreign loans and repayments that are not guaranteed by the government.

Most viewed