VietNamNet Bridge - The Vietnamese stock market will have opportunities to attract billions of dollars worth of capital if it is upgraded to an emerging market. Vietnam has been added to FTSE's reconsideration watchlist on the secondary emerging market Vietnam has been added to FTSE Russell’s reconsideration watchlist on the secondary emerging market. Banking will get biggest benefits if Vietnam becomes an emerging market. Vietnam’s banks will have to observe the standards in Basel II Accord by 2020, which means that they have to raise regulatory capital to ensure the CAR (capital adequacy ratio). However, experts stressed that the presence in the watchlist doesn’t indicate official upgrading. Vietnam will still be in the watchlist for at least 12 more months before it gets an official upgrade. RELATED NEWS Vietnam closer to key FTSE upgrade Where is foreign capital going? Mai Chi … [Read more...] about Who will benefit if Vietnam is upgraded to secondary emerging market?
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Viet Nam News HCM CITY — FinTech helps small- and medium-sized enterprises (SMEs) in emerging markets like Việt Nam participate in supply chain finance, spurring company growth, speakers said at an APEC conference on supply chain finance held yesterday in HCM City. Marcel Reymond, head of cooperation of the Embassy of Switzerland’s State Secretariat for Economic Affairs, said: “FinTech (financial technology that provides financial services through useful technologies) offers potential to elevate growth, deepen financial services and create trust among business partners.” “For emerging markets, the importance of FinTech in trade and financial services at the global level is undeniable,” he added. Reymond noted that low labour costs had successfully attracted FDI in Việt Nam but were no longer the driver of growth. Sustaining growth at advanced stages of development demands a new model based on improved productivity, … [Read more...] about Supply chain finance helps SMEs in emerging markets
IMF cuts world economic growth forecasts as import tariffs, emerging market issues biteThe Saigon Times Daily A cargo ship is seen behind containers at an automated container terminal in Qingdao port, Shandong province, China October 1, 2018 – PHOTO: REUTERS NUSA DUA (REUTERS) - The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2018 and 2019, saying that trade policy tensions and the imposition of import tariffs were taking a toll on commerce while emerging markets struggle with tighter financial conditions and capital outflows. The new forecasts, released on the Indonesian resort island of Bali where the IMF and World Bank annual meetings are getting underway, show that a burst of strong growth, fueled partly by U.S. tax cuts and rising demand for imports, was starting to wane. The IMF said in an update to its World Economic Outlook it was now predicting 3.7% global growth in both 2018 and 2019, down from its July forecast of 3.9% … [Read more...] about IMF cuts world economic growth forecasts as import tariffs, emerging market issues bite
VietNamNet Bridge - The VN Index has been increasing sharply since the beginning of the year with capital flowing to finance and banking, real estate, and shares with a high capitalization value. The VN Index has been increasing since the beginning of the year Last June, Vietnam missed the opportunity to be added to MSCI’s (Morgan Stanley Capital International) list of emerging markets in its assessment period. Three market rating agencies, namely MSCI, FTSE Russell, S&P Dow Jones, give annual periodic assessments. The assessment is based on economic development level, political stability, market size and liquidity, market operation efficiency, market access of foreign investors and capital flow capability. With the sharp price increases in 2017 and the strong rise this year, coupled with lifting of the foreign ownership ceiling and state’s divestment from state-owned enterprises, Vietnam now can satisfy requirements in market scale and liquidity. … [Read more...] about Stock market thrives, expectations soar for “emerging market” status
Vietnam continues to slowly but steadily develop and will be Asia-Pacific’s next emerging market over the next five to ten years, according to the latest report from Cushman & Wakefield entitled “Betting on Asia Pacific’s Next Core Cities”. Cushman & Wakefield's "Betting on Asia Pacific's Next Core Cities" report tags Vietnam as next emerging market in region. Cushman & Wakefield selected the next core and emerging markets in the region that will remain relevant and dominant over the next five to ten years. As an emerging market, Vietnam displays many of the characteristics of its Asia-Pacific neighbors but perhaps is not as well understood. Factors such as legal titles in the form of 50-year land leases granted by the State, a regulatory and tax environment that facilitates the placement of foreign capital, a real estate market cycle that is now at a stage of controlled … [Read more...] about C&W: Vietnam Asia-Pacific’s next emerging market