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November trading value growth on HoSE hits record
Banking & Finance

November trading value growth on HoSE hits record

The VN-Index stood at 1478.44 points on the last day of November, up 2.37 per cent compared to the end of October. Forty-five enterprises had market capitalization of over $1 billion on the Ho Chi Minh Stock Exchange (HoSE) and three had $10 billion; a fall of two against October. Trading value and volume was VND714.5 trillion ($31 billion) and 23.18 billion shares in the month, up a record 53.69 per cent and 51.39 per cent compared to October.
Banking & Finance

SBV attempting to boost credit access

The State Bank of Vietnam (SBV) is implementing solutions to create favorable conditions for businesses and individuals to access bank credit and has set out three goals on monetary policy management in 2022. Interest rates will be adjusted in line with the macro balance, inflation, market movements, and monetary policy objectives, and the network of credit institutions will be restructured in association with bad debt settlement.
Banking & Finance

SBV continually loosening banking system liquidity

Liquidity in the banking system from November 22 to November 26 was continually supported by the volume of VND supplied by the State Bank of Vietnam (SBV) from forward trade purchases. Buying foreign currency to supplement the liquidity of the VND, loosening the credit space, and reducing the ratio of short-term capital for medium and long-term loans are rare activities in monetary easing policy from the SBV.
November trading value growth on HoSE hits record

November trading value growth on HoSE hits record

The VN-Index stood at 1478.44 points on the last day of November, up 2.37 per cent compared to the end of October. Forty-five enterprises had market capitalization of over $1 billion on the Ho Chi Minh Stock Exchange (HoSE) and three had $10 billion; a fall of two against October. Trading value and volume was VND714.5 trillion ($31 billion) and 23.18 billion shares in the month, up a record 53.69 per cent and 51.39 per cent compared to October.
Telcos to pilot Mobile Money

Telcos to pilot Mobile Money

Telecommunications service providers VNPT, MobiFone, and Viettel have been licensed by the State Bank of Vietnam to pilot the use of Mobile Money - making payments for services of small value using credit in telecommunications accounts.
Securities investment funds growing handily in number

Securities investment funds growing handily in number

The number of securities investment funds in Vietnam has tripled over the past decade, from 23 in 2011 to 62 now. The scale and type of funds will continue to expand in the years to come. By 2030, the asset value of these funds is targeted to reach 10 per cent of GDP.
SBV attempting to boost credit access

SBV attempting to boost credit access

The State Bank of Vietnam (SBV) is implementing solutions to create favorable conditions for businesses and individuals to access bank credit and has set out three goals on monetary policy management in 2022. Interest rates will be adjusted in line with the macro balance, inflation, market movements, and monetary policy objectives, and the network of credit institutions will be restructured in association with bad debt settlement.
SBV continually loosening banking system liquidity

SBV continually loosening banking system liquidity

Liquidity in the banking system from November 22 to November 26 was continually supported by the volume of VND supplied by the State Bank of Vietnam (SBV) from forward trade purchases. Buying foreign currency to supplement the liquidity of the VND, loosening the credit space, and reducing the ratio of short-term capital for medium and long-term loans are rare activities in monetary easing policy from the SBV.
Further cut to environmental tax on jet fuel to help airlines

Further cut to environmental tax on jet fuel to help airlines

The Ministry of Finance has proposed that the reduction on the environmental protection tax for jet fuel be changed from the current 30 per cent to 50 per cent from January 1 to the end of 2022. If approved, the 2022 budget would see revenue fall by more than VND1.5 trillion ($66.11 million). The policy will increase the financial capacity of airlines to overcome the difficulties from Covid-19.

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