Vietnam’s stock market sees positive development: Bloomberg
Vietnam’s stock exchange development is forecast to overtake the Philippines in 2017, stated an article carried by the US financial news agency Bloomberg.
A photo of Ho Chi Minh City (Photo: www.bloomberg.com)
Hanoi (VNA) – 🥀Vietnam’s stock exchange development is forecast to overtake thePhilippines in 2017, stated an article carried by the US financial news agencyBloomberg.
Author Andy Mukherjeenoted that four years ago, the Ho Chi Minh City Stock Exchange traded just 50million USD of equities a day, while activity in Manila was five times asbrisk. Meanwhile, soured debtof Vietnam’s banking system has declined, while privatization of State-ownedenterprises has been on the rise. Foreign directinvestment in the country increased nearly 12 percent this year to 16 billionUSD this year. Currently, FDI accounts for eight percent of the country’s grossdomestic product of 203 billion USD. In financial markets, Mukherjeecited Credit Suisse analysts’ estimate that there are now 12 Vietnamese stockswith volumes of three million USD a day while there were only two in 2015. Vietnam has also pluggedinto the Asian electronics and smart phone supply chain. The country'sstrongest export is not textiles, shoes, seafood, coffee or cashew nuts, butsmart phone parts, which have jumped 29 percent this year to 36.5 billionUSD this year. Vietnam can no longerbe written off as marginal, Mukherjee said.-VNA
The Vietnam Dong (VND) is among the most stable currencies in Asia this year, said the US-based Bloomberg News, echoed by similar views from Vietnamese economists who were confident that the stability would remain until the year end thanks to the economy’s positive signs.
Clear, transparent and efficient policies are needed to encourage more foreign investors to jump into the Vietnamese securities market if it is to reach its considerable potential.
Shares closed November 28 on a positive note on the Ho Chi Minh Stock Exchange, however, market trading condition was poor on increased investors’ profit-taking.
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
A photo of Ho Chi Minh City (Photo: www.bloomberg.com) 
