VIETNAM STRENGTHENS LOCAL CURRENCY AGAINST THE DOLLAR
The State Bank of Vietnam (SBV) lowered its buying price for the U.S. dollar by 0.65 percent to VND22.975, the first such move in half a year. It also brought down the selling price by 0.04 percent to VND23,774.
STOCK MARKET AN ATTRACTIVE INVESTMENT CHANNEL FOR LOCAL PLAYERS
The stock market is still an attractive investment channel for investors in the near future. However, it also poses many challenges for regulators and market members, said experts.
FOREIGN INVESTORS NET SOLD OVER $438 MILLION IN MAY
Việt Nam's stock market finished higher on Monday, boosted by bank stocks. The benchmark VN-Index rose 0.57 per cent to 1,328.05 points, the highest since the stock market was founded.
MOF CONSIDERING EASING TAX BURDEN ON INDIVIDUAL LANDLORDS
This is a part of the programme on amending the Value-added Tax (VAT) Law that the General Department is consulting with experts, said Tạ Thị Phương Lan, deputy head of the Tax Administration Department of Small, Medium Enterprises, Business Households and Individuals under the General Department of Taxation.
TAX FILING EXTENSION A MODICUM OF RELIEF
While welcoming the government’s new supporting policy, foreign-invested enterprises in Vietnam are seeking more assistance to survive the COVID-19 storm and spur recovery.
LEGAL FRAMEWORK NEEDED TO MANAGE VIRTUAL FINANCIAL INVESTMENT PLATFORMS
Experts have warned that a firm legal framework and strict punishment measures are needed to manage virtual financial investment platforms, which they say are now out of control.
CREDIT INSTITUTIONS ASKED TO TIGHTEN LOANS IN “OVERHEATING” SECTORS: SBV
The State Bank of Vietnam (SBV) has requested local credit institutions and foreign banks’ restrict lending concentration for real estate and construction, Build-Operate-Transfer (BOT) and the consumption sector.
FOREIGN INVESTORS WILL SOON RETURN TO VIETNAM'S STOCK MARKET: HSBC
Vietnam’s stock market is expected to continue to grow, helped by strong economic growth and increasing local liquidity. The positive outlook will attract foreign investors back to the market, according to HSBC.
