There will be a separate corporate bond trading floor soon

Private corporate bond trading floor to open soon

In July, the State Securities Commission will put into operation a secondary market for privately issued bonds.

According to the State Securities Commission, putting into operation a secondary market for privately issued corporate bonds creates a basis for bondholders to make liquidity in the market most conveniently, thereby rebuilding trust in the corporate bond market.

There will soon be a separate corporate bond trading floor (Illustration: Hoang Ha)

When the market operates, member securities companies will have good control over the composition of investors participating in the market, which is truly a professional securities investor. In addition, the new secondary bond market will increase the transparency of corporate bonds and increase access from issuers to investors, thereby improving payment quality and minimizing risks for investors.

Cashless payments are growing rapidly.

On 'Cashless Payment Day June 16', statistics show that this trend is increasingly dominant.

In the first 3 months of 2023, non-cash payment transactions increased by 53.5% in volume compared to the same period last year. Notably, payments via QR code increased the most with 160.7% in volume and 43.8% in value.

All people's destinations such as supermarkets, restaurants, shops, traditional markets or sidewalk tea shops... have cashless payment services. In particular, cashless transactions in the public administration sector have grown 2-3 times.

State Bank reduces operating interest rates, mobilization interest rates decrease accordingly

The State Bank of Vietnam (SBV) has just decided to reduce the operating interest rate for the fourth time, with a reduction of 0.25-0.5%/year, effective from June 19. According to SBV, continuing to adjust the operating interest rate is a flexible solution, suitable for current market conditions to achieve the goal of reducing lending interest rates to support the process of economic growth recovery.

Without waiting until next week, many commercial banks have decided to immediately reduce deposit interest rates. On the morning of June 17, some banks have begun to adjust deposit interest rates for terms from 1 to less than 6 months.

The first banks to reduce interest rates from 5% to 4.75% for deposits with terms of 1-5 months include: MSB, PGBank, ABBank, GPBank, NamA Bank, HDBank, BacA Bank, OceanBank, Eximbank, VIB, SeABank and Sacombank. Some banks do not need to update the new interest rate table because they have previously listed mobilization interest rates lower than the ceiling interest rate of 4.75%/year. (See details)

Government requests to resolve power shortage in June

The Government Office has just issued a document announcing the conclusion of the Government Standing Committee at a meeting on major tasks and solutions to stabilize the macro-economy, control inflation, promote growth and ensure major balances of the economy in the current situation.

Notably, in the conclusion, the Government Standing Committee requested the Ministry of Industry and Trade to perform well its state management role, have specific programs, plans and measures to ensure sufficient electricity for production and consumption.

The government requires a complete resolution of the power shortage in June (Illustration photo: Hoang Ha)

"Focus on directing the Vietnam Oil and Gas Group and Vietnam Electricity Group to completely resolve the power shortage in June 2023; closely coordinate with the Ministry of Industry and Trade in handling arising problems", the Government Standing Committee requested the State Capital Management Committee at Enterprises. (See details)

Proposal to increase ceiling price of domestic air tickets

The Ministry of Transport is seeking opinions on amending a number of articles of Circular No. 17/2019 on the price framework for passenger transport services on domestic flights. Notably, ticket prices for some routes are proposed to increase compared to current prices.

According to the draft new circular, for flights under 500km, transportation service prices will remain the same as Circular 17.

Fruit and vegetable exports increase dramatically

Preliminary statistics from the General Department of Customs show that last May, fruit and vegetable exports helped Vietnam earn 656.2 million USD, an increase of 67.7% compared to April 2023. By the end of May 2023, the export turnover of this group of goods reached nearly 2.03 billion USD, an increase of 42.9% over the same period last year.

China is still the number 1 customer, accounting for 63.4% of the total export turnover of Vietnamese fruits and vegetables in the first 5 months of this year (the same period in 2022 accounted for 50.6%). Notably, in May 2023 alone, China spent nearly 483 million USD to buy fruits and vegetables from our country, a sharp increase, nearly 5 times higher than in May 2022. (See details)

EVN: Power cut in the North 'at lowest level' next week Due to hot weather and low water levels in hydroelectric reservoirs, EVN plans to still have to cut power in the North next week but at the lowest level.

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