(SGI) - On the afternoon of 14 March, many investors were left startled when the State Bank of Vietnam decided to reduce the operating interest rate and the short-term lending interest rate of credit institutions for a number of economic sectors from 5.5 per cent per year to 5.0 per cent per year. The immediate effect led to the stock market exploding by 2.1 percentage points in the session on 15 March.
(SGI) - In order to attract high spending tourists for long-term stay in Vietnam it is necessary to have a very clear strategy, offer a diversity of tourism products, increase the value of these tourism products, and at the same time promote more market research.
(SGI) - The last few years has seen a decline in revenue across most businesses, especially those in real estate, where the pressure of corporate bonds maturing within this year has many enterprises fearing a state of insolvency. Although the Government has now announced many rescue measures and solutions, the effect is still to be seen.
(SGI) - The Government needs to urgently review, revise, and update all the tax laws pertaining to electronic transactions in Vietnam, in order to facilitate timely declaration and payment of taxes by organizations and individuals.
(SGI) - Revenue collected from taxes of E-commerce activities in Vietnam as well as cross-border digital platforms has been gradually and steadily increasing in the last few years. Nonetheless, despite the development speed of E-commerce within the country and increase in cross-border digital services, the revenue increase has been rather insignificant.
(SGI) - Since the beginning of March 2023, commercial banks have reduced deposit interest rates which has been contrary to forecasts made by many domestic and foreign investment organizations who believed that the interest rates may increase when the Federal Reserve (FED) raises the interest rate yet again.
(SGI) - The current global economic slowdown will greatly affect the economy of Vietnam in days to come due to increased interest rates and tightening of the monetary policy by central banks. However, we believe that the Government will find a solution to support the economy by increasing the disbursement of public investment.
(SGI) - The Covid-19 pandemic had a serious negative impact on the Tan Son Nhat Aviation Services Joint Stock Company (Sasco-SAS). The business suffered and Sasco shareholders still remain dissatisfied with the ongoing projects that are lying on hold despite huge investments made over the last so many years.
(SGI) - 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.
(SGI) - 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.
(SGI) - All forecasts for 2023 indicate that the stock market will continue to be inundated with uncertainties, challenges, and many unprecedented risks due to rising global inflation and a substantially reduced amount of leverage from corporate bonds. However, this does not mean that investors will not be able to reap lucrative profits at the stock market in the coming year.
(SGI) - Many giants on the stock exchange saw a drastic fall in stock prices in 2022, with losses amounting to more than USD 11 billion. This sharp correction of the stock market last year also caused huge losses for several retail investors as well.
(SGI) - 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.
(SGI) - 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.