Gold market inspection team set up
The inspection will cover activities related to gold trading, anti-money laundering, and the issuance and use of invoices and documents, along with other relevant issues.
Central bank to inspect gold trading activities in 45 days
Inspection focusing on compliance with gold trading regulations.
Fines of $3bln imposed in financial sector
Sector subject to 87,500 inspections this year.
10M agro, forestry and fishery exports at $45bln
The Ministry of Agriculture and Rural Development (MARD) has reported that total trade turnover in agricultural, forestry, and fishery products reached $82.1 billion in the first ten months of 2022, up 10.2 per cent year-on-year. Exports stood at $44.9 billion, up 14.1 per cent, and imports $37.2 billion, up 5.8 per cent. From October 20-27 an inspection team from the European Commission (EC) visited Vietnam and worked with steering committees in many cities and provinces and other agencies on efforts to combat illegal, unreported, and unregulated (IUU) fishing. However, the EC is still to remove the “yellow card” it imposed on Vietnamese seafood.
Pyn Elite Fund: Stocks may bottom out this week or next
According to Mr. Petri Deryng, Founder of Finland’s PYN Fund Management Ltd and Portfolio Manager of the PYN Elite Fund, Vietnam’s stock market, which is the worst in Southeast Asia in terms of profitability, could bottom out this week or next. Interest rates, however, may peak in the country in early 2023. He believes that the situation will calm down in the months to come, thanks to directions, inspections, and close supervision from authorities.
SSC seeks review of corporate bonds
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.
Government Inspectorate to look at MoNRE
Under its 2021 inspection plan, the Government Inspectorate will inspect the responsibilities of the Ministry of Natural Resources and Environment (MoNRE) in the State management of the environment and minerals - two areas that have exhibited some shortcomings due to inadequate attention from authorities in recent times.
MoLISA to inspect businesses owing social insurance
The Ministry of Labor, War Invalids and Social Affairs (MoLISA) will conduct a nationwide inspection of the social insurance sector in 2022, focusing on businesses with outstanding payments.