Banking & Finance

The expansion of preferential loan policies to support mechanization in key agricultural areas is thought to be a prerequisite for commercial banks increasing credit in the agricultural sector. Post-harvest losses have been significantly reduced as a result of mechanization.

Vietnam’s stock market has rebounded as the number of Covid-19 infections has fallen. From now to the end of the year, the country may receive 80-90 million additional doses of vaccine, increasing the vaccination rate to 50-60 per cent. According to VnDirect, now is the right time to accumulate stocks.

Mr. Michael Kokalari, Chief Economist at VinaCapital, believes that the profits of listed companies will increase sharply next year and recommends that investors not sell shares at this time.

The State Bank of Vietnam (SBV) poured more than VND127 trillion ($5.57 billion) into the banking system in July and August; less than the initial estimate of VND162 trillion ($7.1 billion). The addition of a significant sum has helped with system liquidity.

The International Finance Corporation (IFC), the World Bank (WB), and the Australian Government have worked together to attract investors and diversify capital sources to support the development of Vietnam’s stock market, help enterprises maintain business activities, and push economic growth post-pandemic. Measures focus on addressing barriers to foreign investor access.

Most securities companies and investment funds believe there are greater prospects for their profit growth in the second half of 2021 than in 2020.