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Caution recommended after US Fed raises interest rates
Banking & Finance

Caution recommended after US Fed raises interest rates

Although the US Fed’s decision to raise the basic interest rate for the first time since 2018 has not had much of an impact on Vietnam, analysts say that caution is nonetheless needed, especially after the fourth quarter of this year. According to Dr. Can Van Luc, it is necessary to continue operating monetary policy proactively and flexibly when there is a change in monetary policy at major central banks around the world, coordinate the implementation of plans to increase prices of goods managed by the State (especially gasoline, electricity, health, and education, etc.), monitor and evaluate foreign debt obligations in order to give timely warnings to enterprises, and control the exchange rate and foreign exchange market actively and flexibly in order to stabilize the exchange rate and support businesses, especially those with large foreign debt.
Banking & Finance

Foreign capital expected to return to stock market

Inflationary pressure and the Russia - Ukraine conflict have contributed to foreign investors leaving Vietnam’s stock market recently, offloading nearly VND7 trillion ($307.7 million) in shares since the beginning of March. But many analysts believe withdrawals will slow and then return as foreign investors recognize that economies like Vietnam’s will benefit from the greater economic openness to come.
Banking & Finance

Tax department pushing eTax app

The General Department of Taxation is promoting the deployment of the eTax mobile app to help individuals easily pay their taxes online. More than 60 million individuals have been granted tax codes to date, but in the first two months of 2022, only some 15,000 conducted their tax affairs via the eTax app.
Caution recommended after US Fed raises interest rates

Caution recommended after US Fed raises interest rates

Although the US Fed’s decision to raise the basic interest rate for the first time since 2018 has not had much of an impact on Vietnam, analysts say that caution is nonetheless needed, especially after the fourth quarter of this year. According to Dr. Can Van Luc, it is necessary to continue operating monetary policy proactively and flexibly when there is a change in monetary policy at major central banks around the world, coordinate the implementation of plans to increase prices of goods managed by the State (especially gasoline, electricity, health, and education, etc.), monitor and evaluate foreign debt obligations in order to give timely warnings to enterprises, and control the exchange rate and foreign exchange market actively and flexibly in order to stabilize the exchange rate and support businesses, especially those with large foreign debt.
Interbank interest rate remains high

Interbank interest rate remains high

As of March 18, the short-term interbank interest rate had remained above 2 per cent for seven consecutive weeks, and was double the rate at the end of 2021 and up 5-6 times over the same period last year. According to SSI Securities, the main reason for the high interbank interest rate is the recovery of credit, which has cut into bank liquidity.
Caution needed with oil and gas stocks

Caution needed with oil and gas stocks

According to analysis from VnDirect, oil prices will cool by the end of the year and gradually decline as additional supply from Iran, the US, and OPEC countries meet demand. Caution is needed with oil and gas stocks at the moment, because the risks outweigh any upside. Investors should focus attention on oil and gas stocks that are less sensitive to prices and associated with the long-term development of the industry.
Foreign capital expected to return to stock market

Foreign capital expected to return to stock market

Inflationary pressure and the Russia - Ukraine conflict have contributed to foreign investors leaving Vietnam’s stock market recently, offloading nearly VND7 trillion ($307.7 million) in shares since the beginning of March. But many analysts believe withdrawals will slow and then return as foreign investors recognize that economies like Vietnam’s will benefit from the greater economic openness to come.
Tax department pushing eTax app

Tax department pushing eTax app

The General Department of Taxation is promoting the deployment of the eTax mobile app to help individuals easily pay their taxes online. More than 60 million individuals have been granted tax codes to date, but in the first two months of 2022, only some 15,000 conducted their tax affairs via the eTax app.
SSI forecasts a positive 2022 for corporate bond market

SSI forecasts a positive 2022 for corporate bond market

The size of the corporate bond market has increased sharply in recent times, from 4.93 per cent of GDP in 2017 to 16.6 per cent in 2021. The market is likely to grow well this year due to supply and demand being maintained at high levels. Demand for issuances to ensure capital at enterprises is quite high. There will also be about VND266 trillion ($11.66 billion) of corporate bonds maturing this year.

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