Banking & Finance

The ACBS securities company has prepared three scenarios for Vietnam’s stock market. In the base scenario, growth will be some 19 per cent by the end of 2022, thanks to banking, transportation, real estate, and utility stocks, and the VN-Index will be around 1,400 points. In the optimistic scenario, the VN-Index will hit 1,500-1,600 points, and in the pessimistic scenario it will be 1,200 points.

Prime Minister Pham Minh Chinh has signed an Official Letter on improving the efficiency of tax collection management for e-commerce and digital business activities. He asked that the Ministry of Finance build a tax management database for e-commerce and that banks supervise payment transactions by foreign subjects with income from cross-border platforms.

Total State budget revenue in the first nine months of 2022 in north-central Thanh Hoa province increased 56.5 per cent year-on-year and exceeded the estimate by 39.7 per cent, of which revenue from accommodation and catering services more than doubled. The industrial production index, meanwhile, increased 16.03 per cent. However, the province’s FDI attraction fell sharply, by 39.1 per cent year-on-year.

Decree No. 65 on the private placement of bonds, issued by the government on September 16, has many new features and strict regulations on both issuers and investors. It has been supplemented with regulations stating that issuers are required to have credit ratings in certain cases, improving the obligation of issuers to disclose information to investors, and improving the professionalism of investors.

Demand for green finance in Vietnam was discussed by experts at the “Green bond market development and financial resource mobilization for green and sustainable growth” conference held in Ho Chi Minh City on September 30. To further promote the green bond market, the Ministry of Finance (MoF) said it is coordinating with the Ministry of Natural Resources and Environment (MoNRE) to complete the Prime Minister’s draft Decision on a green classification list. The MoF will also recommend that relevant authorities issue policies to increase incentives for green bonds.

A report from Batdongsan.com.vn shows that the heat in Binh Duong province’s real estate market was maintained in the first and second quarters of 2022, with asking prices increasing 27 per cent year-on-year. JLL, meanwhile, said the southern province is one of two leading supply and recorded the most sales, with 1,076 units sold.