INVESTORS HAVE AROUND $3.4B IN SECURITIES ACCOUNTS AT END OF Q2
According to estimates from cafef.vn, at the end of the second quarter, customers’ available balance in securities accounts reached VNĐ80 trillion (US$3.4 billion), a decline of VNĐ20 trillion over the record number at the end of the previous quarter. This is the lowest level since the first quarter of 2021.
STANDARDISE BOND MARKET TO ENSURE GROWTH OF STOCK AND REALTY MARKET
The bond market has become an important capital mobilisation channel for enterprises, especially real estate firms. However recent scandals have caused uncertainty, threatening the development of public companies, the Vietnamese stock market and the realty industry.
GOVERNMENT LOOKS TO BUILD SAFE, TRANSPARENT, EFFICIENT, SUSTAINABLE CAPITAL MARKET
The Government has issued Resolution No. 86/NQ-CP on the development of a safe, transparent, efficient and sustainable capital market in order to stabilize macro-economy and mobilize resources for socio-economic development.
POSITIVE OUTLOOK FOR BANKING INDUSTRY
According to a survey recently released by Vietnam Report Joint Stock Company, 63.6% of respondents anticipated higher growth in the banking industry than last year, slightly higher than last year's respondents (58.8%). About 9.1% of respondents are cautious about the banking outlook.
TAX REVENUE SURGES 17.6%
Budget revenue was estimated at VND775,262 billion in the first six months of 2022, equaling 66% of the full-year estimate and 117.6 % of the value a year earlier, said the report at a recent Tax Review Conference for the first half of 2022. Up to 60 out of 63 localities completed more than half of their full-year targets.
POSITIVE SIGNALS SUPPORT INVESTORS' MOOD THIS WEEK
The stock market fell for a third week in the row, but the benchmark remained at the previous bottom of 1,150-1,160 points. Experts said that this is a positive signal helping strengthen investors’ sentiment this week.
PAYMENT VIA BANK TRANSFER: COMPULSORY FOR REAL ESTATE TRANSACTION, MINISTRY PROPOSES
The Ministry of Finance has proposed a regulation be brought in to ensure payments for all real estate transactions are carried out via bank transfers. The suggestion was made to prevent tax avoidance in the transactions of real estate assets through the declaration of selling prices much lower than the actual cost.
STATE BANK ASKS FOR EXTENSION TO BAD DEBT PROGRAMME
The Government has asked for an extension to a pilot programme designed to handle bad debt from domestic financial institutions during a meeting with the National Assembly on Tuesday in Hà Nội.
