Article 6 voluntary carbon market

Asian markets squeezed out gains Tuesday, giving investors some relief from a recent sell-off fuelled by worries that US interest rates will go higher than feared following last week's blockbuster jobs report. January's rally has come to a halt this month as investors contemplate an extended period of high borrowing costs aimed at bringing down inflation from multi-decade highs. While there are signs that price rises are slowing, and the Federal Reserve acknowledged progress in its battle last week, the employment data Friday was seen as a body blow for many. The reading, which showed more than half a million new posts created in January, led to speculation the Fed could have to unveil even more rate hikes this year, while any chance of a cut before 2024 all but evaporated. Focus is now on a planned speech later in the day by central bank boss Jerome Powell, with observers looking for any change from his less hawkish comments after last week's policy decision. "Powell remains … [Read more...] about Asian markets rebound from Fed sell-off but traders still uneasy

Images showing the e-wallet market by share of active users by Robocash Group. (Photo courtesy of Robocash Group) HCM City (VNS/VNA) - The modern e-wallet market in Vietnam is surging and is expected to reach 50 million active users by July 2024, experts said. In a report, Robocash Group said: “the modern e-wallet market in Vietnam is booming with 90% of the market falling on three wallets: Momo, Moca and ZaloPay.” The country is seeing tough competition, given that there are 40 electronic wallets in operation, the report said. Robocash Group estimates that by July 2024, the e-wallet market will have 50 million active users, 100 million by May 2026, and 150 million by July 2030. In addition to the already mentioned wallets, there are three other major competitors including ShopeePay (AirPay), ViettelPay and VNPT Pay. The top six already account for 99% of the market. According to a Decision Lab study, at the end of 2021, 56% of the Vietnamese population … [Read more...] about E-wallet market in Vietnam estimated to reach 50 million users by 2024

A man looks at stock indices on a computer screen (Photo: VNA) Hanoi (VNS/VNA) - Brokerage revenue fell at most securities companies amid the general market contraction as the total trading size of the whole market shrank. Statistics from HoSE showed that 10 securities companies with the largest brokerage value on HoSE in the fourth quarter of 2022 include VPS Securities JSC (VPS), SSI Securities Inc (SSI), VNDirect Securities Co (VNDirect), Mirae Asset Securities (MAS), Ho Chi Minh City Securities Corporation (HSC), Vietcombank Securities Co (VCSC), MB Securities Co (MBS), Techcombank Securities Co (TCBS), KIS Vietnam Securities Corporation (KIS), and Viet Dragon Securities Co (VDSC). VPS Securities JSC (VPS) continued to maintain the No 1 position in terms of stock brokerage market share with 14.81% in the last quarter of 2022. That was the 8th consecutive quarter VPS reached the No 1 market share position on the HCM Stock Exchange ( HoSE ), although this figure … [Read more...] about Brokerage revenue falls at most securities companies amid market contraction

The Government’s active stance to address macro challenges would fuel the stock market development in 2023. The benchmark Vn-Index is forecast to expand by 15% at the end of 2023 to hit 1,160 following a turbulent year for the stock market, according to SSI Securities Corporation (SSI). Investor at a securities company in Hanoi. Photo: Pham Hung The Vn-Index from its peak of 1,530 in early 2022 plummeted to a low of 874 in mid-November, a downturn which experts attributed to major events, such as the Russia-Ukraine conflict, arrests of business executives for market manipulation, and the Government’s tightening credit into high-risk fields. As of late 2022, however, the market’s price-to-earnings (P/E) ratio was considered quite attractive with an estimated 9.2x, 35% lower than the average rate of 14.16x during the 2009-2022 period. SSI’s latest report also pointed out another positive factor in the expectation of a more stable value of the Vietnamese Dong … [Read more...] about Vn-Index set for steady growth in 2023

Producing wooden furniture for export at Trieu Phu Loc Furniture Co., Ltd, Tan Uyen town, Binh Duong province (Photo: VNA) Hanoi (VNS/VNA) - Wooden furniture exports from Southeast Asian markets to Australia grew sharply in the past year, with Vietnam leading the way on 205.6 million USD, up 26.4% year-on-year. Vietnam is followed Malaysia with 101.9 million USD and Indonesia with 61.7 million USD. The proportion of wooden furniture imports from these three markets accounted for 22.9% of the total value of wooden furniture imports into Australia. The Import-Export Department, Ministry of Industry and Trade, quoted statistics from the General Department of Customs saying that the export value of wooden office furniture reached 28.4 million USD in December, a year-on-year decline of 28.6%. The export value of wooden office furniture reached 370.3 million USD last year, down 15.9% over the same period in 2021. In the structure of wooden furniture exports last year, … [Read more...] about Vietnam leads Southeast Asia in wooden furniture exports to Australia

Dat Tong, Senior market strategist, Exness With financial turmoil on the rise around the world, many traders are looking to gold as a safe-haven asset. Gold has been on the rise lately, approaching its all-time high in August 2020 (see chart). The 2009 recession boosted gold trading volume and by 2011, XAUUSD reached a high level at $1,823. As world economies recovered, fiat currencies regained strength and gold prices fell throughout 2013-2014. The downtrend bottomed out at $1,061 in 2015, before starting to ascend. Gold prices rebounded in 2019 as the pandemic ravaged countries, reaching $1,974. Is gold still a safe-haven asset? During difficult economic times, gold price tends to increase. This makes gold a good investment for those looking to protect their assets in uncertain times. Gold can act as a hedge against inflation. When inflation increases, XAU usually increases as well. Scarcity is in gold’s nature, which is another reason why experts consider gold a good … [Read more...] about Exploring the aspects of global gold performance

According to chairman of the Vietnam Real Estate Brokers Association Nguyen Van Dinh, Vietnam’s real estate market is not repeating the crisis cycle which occurred in 2012. Varying factors to determine the fate of real estate, photo baodautu.vn “Currently, urban development is high and infrastructure investment is taking place strongly, along with the rocketing increase demand for housing. So the demand for investment in real estate is rather high. These are the factors that create a great motivation for the market’s ability to recover,” Dinh told VIR. Banking and finance expert Can Van Luc added that the market will be revived by the end of the year. “When banks have new credit room, real estate will see more transactions from homebuyers. Real demand is expected to be a bright spot during the year,” Luc said at a forum on forecasting the real estate market organised by the Vietnam Real Estate Association in Hanoi on January 3. Do Thu Hang, senior director of … [Read more...] about Varying factors to determine the fate of real estate

Dr. Pham Nguyen Anh Huy - Founder, RMIT FinTech-Crypto Hub Many crypto projects, especially GameFi, move-to-earn, the metaverse, and Web3, were launched in such an environment which helped boost national innovation and drive the digital economy. However, the lack of a regulatory framework has led to several issues, such as the lack of investor protection if they get scammed; the difficulty of tracing crypto-related fraudulent and criminal activities such as money laundering; a volatile business environment; and the inability of the tax authority to collect taxes from crypto-related activities. Eventually, these issues may dampen market confidence and make Vietnam less attractive, especially when the hype is over. Given the get-rich-quick mindset of most Vietnamese crypto investors coupled with the lack of a regulatory framework, it is not surprising that Vietnam is one of the most active crypto trading hubs in the world, ranking second in peer-to-peer exchange trade volume … [Read more...] about Regulatory framework needed to boost Vietnam’s crypto scene

Greener trade and investment is crucial to tackling climate change in Asia and the Pacific and will require governments in the region to work together more closely, according to a new report by the Asian Development Bank (ADB). While trade and investment have fueled remarkable economic growth in Asia in recent decades, it has also led to large increases in carbon dioxide emissions in the region—which is more vulnerable to the effects of climate change than any other. Reversing this trend will require measures such as promoting trade in environmental goods and services, nurturing green businesses, developing carbon pricing mechanisms, and strengthening regional cooperation through trade and investment agreements, according to the Asian Economic Integration Report (AEIR) 2023, released by ADB today. “Asia and the Pacific’s remarkable growth has lifted millions of people out of poverty, but this has come at an environmental cost,” said ADB Chief Economist Albert Park. “The region now … [Read more...] about Sustainable trade and investment key to Asia and Pacific’s green future

Acting President Vo Thi Anh Xuan (R) and Brazilian Ambassador to Vietnam Fernando Apparício da Silva. (Photo: VNA) Hanoi (VNA) – Acting President Vo Thi Anh Xuan has hailed outgoing Brazilian Ambassador to Vietnam Fernando Apparício da Silva ’s contributions to consolidating the practical and effective development of Vietnam-Brazil comprehensive partnership during his tenure. During a reception for the diplomat in Hanoi on February 6, Xuan affirmed that Vietnam always wishes to further strengthen its ties with Brazil, one of the top important partners in Latin America. She suggested both nations continue facilitating the exchange of delegations at all levels, especially those at the high level to boost the bilateral relationship.  Vietnamese leaders also wished to welcome Brazilian President Luiz Inacio Lula da Silva to visit Vietnam soon, Xuan said. Speaking highly of the development of bilateral economic and trade ties, Xuan expressed her hope that the two … [Read more...] about Acting President receives outgoing Brazilian Ambassador