Banking & Finance

To address issues in valuation activities causing adverse consequences and budget losses, the Ministry of Finance (MoF) has requested that leaders of valuation companies immediately rectify their operations to ensure independence, objectivity, and neutrality and to comply with the law. MoF has suspended the operations of a number of valuation companies since the beginning of the year and revoked dozens of certificates of eligibility for businesses offering valuation services.

The Ministry of Finance (MoF) has issued a new Circular stipulating the rate, collection, payment, management, and use of fees and charges in the securities sector, effective from July 1, 2022. The Circular also supplements the collection of securities supervision fees for payment banks, which will start on July 1.

The stock market will continue to face many risks during May, but there are bright spots coming from the macro-economy, according to BSC Securities. The economy will recover, and inflation will remain under control. BSC recommends investing in stock groups with good fundamentals and attractive valuations amid the recent downtrend, such as banking, materials, and energy.

The State Bank of Vietnam (SBV) has net injected VND3.3 trillion ($143.77 million) into the market to support system liquidity given its inadequacy as payment needs grow with Vietnam reopening to tourism.

Instead of “tightening” regulations on the corporate bond market, what should be done is to diversify market participants, such as insurance funds, bond funds, pension funds, and investment funds, to create a favorable mechanism for the formation of individual bond investment funds, according to analysts. This mechanism is good for both the market and investors and is a chance for regulators to follow world practices.

The State Securities Commission (SSC) has requested that securities companies review all corporate bonds registered and deposited, in terms of volume, the status of principal and interest payments, and the type of investors holding such bonds, and to then report to the Hanoi Stock Exchange.