Foreign investors council

Under Circular No.51/2021/TT-BTC issued on June 30, 2021, foreign investors and representatives of foreign investors must ensure investment transactions on the Vietnamese stock market and those performed by related persons and groups of related foreign investors are not intended to create unreal supply and demand, manipulate securities prices, together with other prohibited trading acts as prescribed by law. Foreign investors and foreign depository certificate issuers shall be obliged to declare, pay and settle taxes, fees, charges, and service prices related to securities activities in Vietnam in line with the provisions of Vietnamese law. In addition, foreign investors and groups of related foreign investors must fulfill the obligation to report ownership and disclose information about securities transactions according to the law on information disclosure on the stock market. Besides, the circular clearly stipulates obligations in providing services for foreign investors. … [Read more...] about MoF gives guidelines on foreign investment activities on Vietnam’s stock market

Hanoi (VNA) – The Ministry of Finance has issued a circular providing guidelines on obligations of organisations and individuals in foreign investment activities on the Vietnamese securities market . Under Circular No. 51/2021/TT-BTC issued on June 30, 2021, foreign investors and representatives of foreign investors must ensure investment transactions on the Vietnamese stock market and those performed by related persons and groups of related foreign investors are not intended to create unreal supply and demand, manipulate securities prices, together with other prohibited trading acts as prescribed by law. Foreign investors and foreign depository certificate issuers shall be obliged to declare, pay and settle taxes, fees, charges, and service prices related to securities activities in Vietnam in line with the provisions of Vietnamese law . In addition, foreign investors and groups of related foreign investors must fulfill the obligation to report ownership and … [Read more...] about Ministry gives guidelines on foreign investment activities on Vietnam’s securities market

The new circular clarifies the obligations of parties involved in foreign investment activities on the Vietnamese securities market According to the circular issued on June 30, foreign investors and their trading representatives must ensure that their securities transactions on Vietnam’s securities market and those performed by affiliated persons and groups of affiliated foreign investors do not intend to create unreal demand or supply, manipulate securities prices, and conduct other prohibited transactions as prescribed by law. Foreign investors and issuers of foreign depositary receipts shall be obliged to declare, pay, and settle taxes, fees, charges, and service prices related to securities trading activities in Vietnam in line with Vietnamese legislations. In addition, foreign investors and groups of affiliated foreign investors shall submit reports on their ownership and disclose information about their securities transactions in accordance with regulations on … [Read more...] about New circular guides foreign investment activities in Vietnamese securities market

VIR’s webinar last week pored over the status of the country’s stock market, and the prospects towards 2022 The year 2020 and the first half of 2021 were fraught with challenges as the pandemic put a damper on global markets and while shaken in the short term, Vietnam’s secular growth prospects remain solid in the eyes of international financiers. Le Anh Tuan, deputy CIO and head of Research at Dragon Capital said foreign investors are currently keener on passive investment strategies, particularly in the context of foreign ownership limits at listed companies. “Passive funds, including exchange-traded funds (ETFs), have generated a lot of buzz recently. ETFs are often a cheaper and more efficient alternative to other investment funds despite high volatility,” Tuan said. In the past eight months, foreign net withdrawal has exerted pressure on the whole market. Pham Hong Son, vice chairman of the State Securities Commission (SSC) said at VIR’s webinar on stock market … [Read more...] about Financiers feel the buzz for nation’s stock market future

The ticker stayed in the green throughout the day and shot up in the last minutes of trading, closing with an 18-point gain. It has gained nearly 64 points in the last seven sessions. Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose 8.6 percent to VND21.5 trillion ($936 million), with 243 tickers gaining and 140 losing. The VN30 basket, comprising the 30 largest capped stocks, saw 26 tickers in the green, led by VIC of biggest private conglomerate Vingroup and VRE of Vingroup’s retail real estate arm Vincom Retail. VIC rose 6.5 percent, highest in nearly a month, with trading volume 367 percent of the average in the past 10 sessions. VRE rose 2.9 percent to its highest since July 9, also with a surge in volume at 195 percent of the average in the last 10 sessions. SSI of leading brokerage SSI Securities Corporation rose 2.7 percent, while VHM of real estate giant Vinhomes gained 2.6 percent. HDB of HDBank and TCB of the largest … [Read more...] about VN-Index shoots up in 7th straight gaining session

Illustrative photo Governments of many countries have implemented several policy solutions to overcome the disastrous effects of the pandemic and are struggling to restore their economies. In this effort, reforms and improvement of business environment are being considered as key solutions. Reopening economies Support solutions to restore the economy are divided into three phases. In the first phase the pandemic must be totally suppressed and controlled. In the second phase the economy must be reopened gradually, and in the third phase there must be a strong move to recover and build resilience within the economy. When the economy reopens again after a long period of lockdown, the solutions applied are usually the government's approach to a technology based model of Government-To-Business (G2B), to provide online public services to people and businesses. However, it is too early to assess the effectiveness of solutions for reopening the economy while the pandemic is still … [Read more...] about Economic resilience needed post pandemic