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Nearly $150mln of ETF capital goes into stocks in May
Banking & Finance

Nearly $150mln of ETF capital goes into stocks in May

Data from KIS Securities shows that, in May, ETF (exchange-traded fund) capital in Vietnam’s stock market reached $147.4 million through 12 funds. With S&P Global Ratings having upgraded Vietnam’s long-term national credit rating to “BB+” with a stable outlook, it is expected that ETF capital into its stock market will grow further in the future.
Banking & Finance

16 ETFs posting losses in stock market

Data from the Lumen Vietnam Fund shows that as of mid-May there were 16 exchange-traded funds (ETFs) losing money in Vietnam's stock market, mostly foreign funds. The market, the Fund said, is waiting for a positive signal to recover, and any recovery will be slower but healthier than after previous declines.
Banking & Finance

Draft on tax declarations by e-commerce platforms unsuitable

According to the Vietnam Chamber of Commerce and Industry (VCCI), many elements of a draft Decree from the Ministry of Finance on e-commerce platforms are not appropriate. Requiring platforms to declare and pay taxes on behalf of vendors, for example, will create an additional cost burden and countless difficulties in determining revenue in the tax period and present a risk of underpayment or overpayment of taxes. Provisions in the draft also conflict with provisions in other laws.
Nearly $150mln of ETF capital goes into stocks in May

Nearly $150mln of ETF capital goes into stocks in May

Data from KIS Securities shows that, in May, ETF (exchange-traded fund) capital in Vietnam’s stock market reached $147.4 million through 12 funds. With S&P Global Ratings having upgraded Vietnam’s long-term national credit rating to “BB+” with a stable outlook, it is expected that ETF capital into its stock market will grow further in the future.
E-invoices necessary from July

E-invoices necessary from July

According to the Law on Tax Administration, all businesses are required to use e-invoices from July 1. Businesses have been facing obstacles during the pilot process since December 31. The tax sector has taken many careful steps and provided maximum support to people and businesses, especially in the application of IT, and believes it can achieve the goals set.
Banks propose SBV increase credit space

Banks propose SBV increase credit space

In order to implement a 2 per cent interest rate support program on loans to corporates, cooperatives, and business households, banks have proposed the State Bank of Vietnam (SBV) consider increasing credit space. The SBV remains cautious, however, out of concern that this may affect inflation and macro-economic stability.
16 ETFs posting losses in stock market

16 ETFs posting losses in stock market

Data from the Lumen Vietnam Fund shows that as of mid-May there were 16 exchange-traded funds (ETFs) losing money in Vietnam's stock market, mostly foreign funds. The market, the Fund said, is waiting for a positive signal to recover, and any recovery will be slower but healthier than after previous declines.
Draft on tax declarations by e-commerce platforms unsuitable

Draft on tax declarations by e-commerce platforms unsuitable

According to the Vietnam Chamber of Commerce and Industry (VCCI), many elements of a draft Decree from the Ministry of Finance on e-commerce platforms are not appropriate. Requiring platforms to declare and pay taxes on behalf of vendors, for example, will create an additional cost burden and countless difficulties in determining revenue in the tax period and present a risk of underpayment or overpayment of taxes. Provisions in the draft also conflict with provisions in other laws.
VCCI suggests credit ratings in corporate bond market

VCCI suggests credit ratings in corporate bond market

Many analysts believe that the draft amendments to Decree No. 153 from the government on the offering and trade of individual corporate bonds do not clarify the roles and responsibilities of financial intermediaries and agents, which create some confusion in the market. The Vietnam Chamber of Commerce and Industry (VCCI) proposes mandatory credit ratings as one of five fundamental solutions to stabilize the market.

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