Banking & Finance

The Vietnam International Commercial Joint Stock Bank (VIB) has announced that it will increase its foreign ownership ratio to 30 per cent. This will allow the bank to seek more international cooperation.

Figures from FiinPro show that, in the week from November 7 to November 11, exchange-traded funds (ETFs) invested more than VND2.1 trillion ($84.4 million) in Vietnamese stocks, an increase of nearly three-fold compared to the previous week. Foreign ETFs outlaid more than VND1.5 trillion ($60.3 million).

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.