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Bank network coverage low in rural areas
Banking & Finance

Bank network coverage low in rural areas

There is a huge disparity in bank network coverage between urban and rural areas and between major cities and remote provinces. While there are many commercial banks in cities such as Hanoi and Ho Chi Minh City, the number is modest in rural areas.
Banking & Finance

FiinPro: Stock prices reflect profits

Based on FiinPro’s forecast for after-tax profit growth of 38 per cent in 2021 and 27 per cent in 2022, Vietnamese stocks will be valued at 18.2 times 2021 profit and 14.3 times 2022 profit. This shows that the outlook for 2021 profit is already reflected in the stock price while the market valuation remains attractive with a one-year outlook.
Bank network coverage low in rural areas

Bank network coverage low in rural areas

There is a huge disparity in bank network coverage between urban and rural areas and between major cities and remote provinces. While there are many commercial banks in cities such as Hanoi and Ho Chi Minh City, the number is modest in rural areas.
Interest rates likely to stay low

Interest rates likely to stay low

Analysts believe that as liquidity in the banking system continues to be abundant and credit begins to open up, interest rates will remain low until the end of the year.
Tax sector rushing to boost collections

Tax sector rushing to boost collections

The tax sector must collect VND140 trillion ($6.1 billion) over the closing months of the year and has been striving to raise some VND9.4 trillion ($413 million) through debt recovery and inspection.
FiinPro: Stock prices reflect profits

FiinPro: Stock prices reflect profits

Based on FiinPro’s forecast for after-tax profit growth of 38 per cent in 2021 and 27 per cent in 2022, Vietnamese stocks will be valued at 18.2 times 2021 profit and 14.3 times 2022 profit. This shows that the outlook for 2021 profit is already reflected in the stock price while the market valuation remains attractive with a one-year outlook.
Consumer goods businesses big corporate bond issuers

Consumer goods businesses big corporate bond issuers

The value of corporate bond issuances by consumer goods enterprises in October stood at VND7.284 trillion ($320.48 million), accounting for 21 per cent of the total value and putting it in second place, surpassing the banking group but behind the real estate group.
MoF proposes waiving penalties on late CIT payments

MoF proposes waiving penalties on late CIT payments

To help businesses resume production, the Ministry of Finance (MoF) has proposed temporarily waiving late payment penalties on the underpayment of corporate income tax (CIT) in the first three quarters of the year.

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