The first trading month of 2023 saw only 16 sessions due to the Lunar New Year holiday break, but nonetheless, Foreign Exchange Traded Funds (ETF) poured in more than VND 2,247 bln into the stock market. In January 2023, the amount of foreign capital that poured into HoSE amounted to VND 3,797 bln.
When the US Federal Reserve (FED) raised the interest rate recently the stock market reacted positively, unlike when in 2022 the continuous raising of the interest rate by the FED had caused panic across markets.
The Ho Chi Minh City Real Estate Association (HoREA) recently submitted a written proposal to the Ministry of Finance for submitting to the Government for further consideration and amendment of Decree 65/2022/ND-CP for implementing strict regulations for bonds issuers, credit rating consultants, and bonds consultants. This is being seen as imperative in clearing the path for cash to flow again in the current market.
Foreign investors have maintained a net buying position on the stock market since November 2022, partly contributing to maintaining confidence in the recovery of the VN Index.
One of the key goals of the Government for 2023 is to consolidate the capital mobilization channels for businesses, as well as strengthen the stock market and the corporate bonds market.
As per Decree 31/2022/ND-CP of the Government and Circular 03/2022/TT-NHNN of the State Bank of Vietnam, the VND 40,000 bln interest rate support package from the state budget is expected to help businesses access cheap capital to recover in the post-pandemic phase.
The Ministry of Finance has sent a report to the Prime Minister on the latest financial statement for 2021 of Foreign Direct Investment (FDI) enterprises in Vietnam. Profits and losses of FDI enterprises have drawn the attention of the public at large.
The reopening of China after it clamped its doors with the drastic zero Covid policy is encouraging for investors in Vietnam, as China is its largest trading partner.
Although the last months of the year had seen a substantial drop in export orders, the textile and garment industry, as well as the seafood industry, still ended the year with positive results.
On the occasion of the 30th anniversary of Vietnam and South Korea diplomatic relations, representatives of the two countries met to reiterate their relationship for a stronger comprehensive strategic partnership.
Most businesses that are in need of capital in the current economic scenario expect a regulatory adjustment, as most of them are facing extreme difficulties in running their entire operations.
There is much public attention in Vietnam after the Binh Thanh Import-Export Production Trading Joint Stock Company (Gilimex) sued the Amazon company in the New York State Court in the US for USD 280 million for loss of revenue.
At the end of the financial year the market is often bullish. This occurs on the belief that mutual funds will beautify year-end reports by pulling up stock prices for the sake of shareholders. However, this year it looks like things are about to change.
Real estate enterprises are facing many difficulties, from tightening of credit policy, pressure of bonds maturity, and selling off mortgages of stocks. However, this could also be the right opportunity to buy real estate stocks when the price drops to bottom.
Businesses have for long faced a crunch of capital and difficulty in accessing credit from banks.
The move made by some commercial banks to reduce the lending interest rate, and the decision of the State Bank of Vietnam to increase credit by 1.5% to 2% has had a positive impact on manufacturing and export enterprises.
International capital has flowed into many Vietnamese banks in 2022, which is a good sign indicating the capacity of domestic joint stock commercial banks.
Soon after the US Federal Reserve (FED) raised the interest rate by 0.75% for the third consecutive time on 21 September, the Dollar Index (DXY) hit an all-time high in the last 20 years.
Trung Quốc đã mua khí đốt của Nga lên tới 1,27 tỷ USD (tăng 2,47 lần) trong 11 tháng của năm nay.
Vietnam's exports reached 267.93 bln USD in the first ten months of this year, according to the General Statistics Office.
The Ministry of Construction has proposed a credit package worth VND 65 trillion (US$ 2.85 million) for social housing development as part of a plan on sustainable economic recovery in 2023.