Banking & Finance

According to Circular No. 05/2022/TT-BTC guiding the restructuring of enterprises that are ineligible for equitization, issued recently by the Ministry of Finance (MoF), Vietnam’s debt trading company is entitled to actively negotiate debt purchases with creditors and propose plans to restructure an enterprise in accordance with the law.

Banking app given a mission of “Bank less. Get more.”

Vietnam will not see strong financial liberalization before 2030. This is a problem in need of resolution if Ho Chi Minh City is to become an international financial center, as planned. The city also needs to improve its competitiveness. According to an evaluation, its competitiveness remains at the average level, equal to regional cities such as Manila and Jakarta.

FiinGroup analysts believe that interest rates on corporate bonds will rise during 2022. Two drivers are keeping issuance activities vibrant: the fact that 60 per cent of corporate bonds will mature in the next two years, and that spending on assets in the past two years has been lower than the five-year average, especially in the real estate sector.

Securities grew by an average of 136.8 per cent in 2021 thanks to impressive profits. Factors supporting earnings growth this year, however, will be much less favorable. KIS Securities nonetheless believes that the concerns are few in the first half.

The Ministry of Finance (MoF) has asked ministries and ministerial-level agencies to urgently allocate public investment capital in 2022 in preparation for disbursement. Regarding foreign capital, it has asked investors to soon complete applications for capital withdrawal and forward these to the ministry.