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SBV to simplify 27 admin procedures
Banking & Finance

SBV to simplify 27 admin procedures

Twenty-seven administrative procedures in six business lines under the management of the State Bank of Vietnam (SBV) are to be simplified. Six procedures are related to business activities and the provision of foreign exchange services by organizations that are not credit institutions.
Banking & Finance

Credit still to develop

Though interest rates are at their lowest level for many years, credit has not yet developed to the extent possible. In Hanoi, which accounts for 25 per cent of the country’s lending, credit in October increased only 0.95 per cent compared to September; the lowest month-on-month increase in the past six months.
Banking & Finance

Financial companies seeking foreign investment

Financial companies are looking for ways to restructure and strengthen their capacity and aim to sell part of their capital to major foreign financial groups. Foreign investors, meanwhile, are taking strategic steps to anticipate a consumer credit boom in Vietnam.
SBV to simplify 27 admin procedures

SBV to simplify 27 admin procedures

Twenty-seven administrative procedures in six business lines under the management of the State Bank of Vietnam (SBV) are to be simplified. Six procedures are related to business activities and the provision of foreign exchange services by organizations that are not credit institutions.
Vietnam State Treasury's bond issuance down

Vietnam State Treasury's bond issuance down

According to the Hanoi Stock Exchange (HNX), the Vietnam State Treasury mobilized VND16.146 billion ($709 million) from bonds in October, down 58 per cent against September, with a successful issuance rate of 49.3 per cent.
Crude oil and trade push up budget revenue

Crude oil and trade push up budget revenue

State budget revenue stood at VND1.22 quadrillion ($52.6 billion) in the first ten months of the year, equaling 90.9 per cent of the estimate. Revenue from crude oil and trade exceeded estimates and fulfilled plans early.
Credit still to develop

Credit still to develop

Though interest rates are at their lowest level for many years, credit has not yet developed to the extent possible. In Hanoi, which accounts for 25 per cent of the country’s lending, credit in October increased only 0.95 per cent compared to September; the lowest month-on-month increase in the past six months.
Financial companies seeking foreign investment

Financial companies seeking foreign investment

Financial companies are looking for ways to restructure and strengthen their capacity and aim to sell part of their capital to major foreign financial groups. Foreign investors, meanwhile, are taking strategic steps to anticipate a consumer credit boom in Vietnam.
Consumer stocks hold potential in 2022

Consumer stocks hold potential in 2022

Consumer stocks will be the most profitable in 2022, as will Bank stocks, according to VnDirect. Other industries with promise include Industrial Goods and Services, Real Estate, and Oil & Gas.

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