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Update news vietnam's capital market
The Vietnamese equity market boasts strong potential to become a major source of financing for the private sector, according to specialists from the World Bank.
Vietnam’s economy continued to receive positive assessments in August, including those from the World Bank (WB) that upgraded its growth forecast for this year to 6.1% from 5.5%.
The Ministry of Finance has recently granted credit rating permission to one more enterprise, bringing the total number of credit rating agencies in Vietnam to three, namely FiinRatings, Saigon Ratings, and VIS Rating.
Inactive cash showed signs of shifting to securities as banks continue to reduce deposit interest rates to below 8% per year, expanding the liquidity of the stock market.
After hitting a record low in 2022, Viet Nam’s money supply (M2) will rebound in 2023 and become an important driver for the recovery of the stock market, KB Securities Vietnam (KBSV) forecast.
Financial expert Dr Dinh The Hien said Viet Nam's GDP growth rate in 2023 will slow to below 7 per cent, but it is still a good growth rate compared...