Banking & Finance

At a dialogue on the corporate bond market held by VnEconomy on September 30, Dr. Le Xuan Nghia said there are still many bottlenecks in the approval of bond issuance documents, resulting in some businesses losing opportunities.

KB Securities Vietnam (KBSV) has said that if banks use up the new credit limit, then credit in the industry as a whole will increase about 13.2 per cent compared to the beginning of the year. Therefore, the State Bank of Vietnam (SBV) can loosen the limit again, from 0.5-1.2 per cent, to achieve the annual target of 14 per cent.

In a recent letter to investors, Mr. Petri Deryng, Head of the PYN Elite Fund, shared his investment experience and said he believes that healthy economic development and sustainable income prospects will drive Vietnam’s stock market to recover quickly, once the uncertainty subsides. Data from PYN Elite shows that emerging economies, whose stocks are not overvalued but affected by weak global market sentiment, can quickly recover from shocks.

The Minister of Finance suggested on September 28 that agencies and units continue to strengthen price management and administration measures and flexibly and effectively use price adjustment tools to control inflation over the closing months of the year. The Ministry of Finance (MoF) has also suggested four solutions for price stability to the end of the year.

Deputy Prime Minister Le Minh Khai has signed a Decision adjusting and supplementing estimates on investment and development expenditures from the central budget in 2022 for ministries, central agencies, and localities. Nearly VND3 trillion ($126 million) was cut from nine ministries and central agencies and two localities, to supplement estimates for the Vietnam Development Bank and the Vietnam Bank for Social Policies.

Many securities investors are concerned with the stock market being under a lot of external risk pressure, as it is now. However, analysts have pointed out many advantages in the country’s stock market, such as low price-to-earnings (P/E) ratios and a higher return on equity (ROE) in the VN-Index than in the region.