BANKS LOWER INTEREST RATES
The State Bank of Vietnam (SBV) has announced plans to reduce the ceiling levels of deposit rates for short-term tenors and lending rates for priority sectors from today, November 19. Local commercial banks have also raced to lower their interest rates in recent days.
FOUR BANK SHARES TO GAIN MAXIMUM 68 PER CENT IN 12 MONTHS: JP MORGAN
JP Morgan rated shares of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), the Vietnam Technological and Commercial Joint Stock bank (Techcombank) and the Asia Commercial Joint Stock Bank (ACB) at over weight and the Vietnam Prosperity Joint Stock Commercial Bank (VPBank) at neutral.
BANKING AND FINANCE TO EMBRACE DIGITAL TRANSFORMATION
Digital technologies have had a strong impact on the country's economy and nowhere that impact has been more strongly felt like in the banking and finance sector. Technologies helped improve business models and processes as well as created new products and services to serve the need of customers.
OPPORTUNITIES FOR FOREIGN SECURITIES COMPANIES
The Vietnamese stock market entered the second half of the year with many positive developments. The chance of being upgraded by FTSE Russell is stimulating investor confidence more than ever and this also attracts great interests from foreign securities companies.
GOV’T GIVES GREEN LIGHT FOR NEW CORPORATE INCOME TAX PROPOSAL
The Ministry said once the proposal is approved, State budget revenues will be reduced by VND 9,200 billion/year but in the long run, the proposal will help SMEs to increase funding for business expansion.
FDI FIRMS TO BE LISTED SOON: MINISTRY OF FINANCE
In other markets such as South Korea, Japan, Singapore and Thailand, a number of FDI firms are listed on the stock markets and there is no difference or discrimination between foreign-invested firms and domestic firms.
VN TO BOOST PROFESSIONAL REAL ESTATE BROKERS
Real estate brokerage plays an important role in the circulation of real estate products. The sustainable development of the property market depends on a variety of factors such as legal policy, management of authorities, operations of the businesses, as well as professionalism of brokerage teams.
BANKS BOOST RETAIL LENDING FOR SOLAR ENERGY
Banks in Vietnam race to offer loans for household solar energy projects, using low interest rates and long repayment periods as incentives. As solar energy gains popularity in Vietnam, lenders are looking to finance consumers who want to install solar panels in their own homes.
