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Real estate bonds shackled by rules - illustration photo At last week’s conference on corporate bonds held by the Vietnam Chamber of Commerce and Industry, experts discussed ways to develop an efficient and sustainable corporate bond market. One of the common recommendations regarded appropriate approaches to credit ratings. According to Can Van Luc, BIDV’s chief economist, there should be clear regulations on credit ratings to help investors easily determine business quality and the risk level of the issued bonds. “It is necessary to identify where a credit rating is mandatory and where a credit rating is encouraged. High-risk businesses should go through compulsory credit rating before bond issuance,” Luc said. “On the other hand, for businesses that have been audited and internationally rated with a long-standing history, a credit rating might not be necessary.” In recent years, the State Bank of Vietnam (SBV) has steadily redirected loan flows towards industry, services … [Read more...] about Real estate bonds shackled by rules

Petrol retail prices in the country have been adjusted many times over the past few months, Photo: Le Toan In Vietnam, gasoline prices continue to increase, and after the adjustment on May 11 by the Ministry of Industry and Trade (MoIT) and the Ministry of Finance, each litre of E5 RON92 petrol increased by 6.5 US cents to $1.26 per litre while RON95 climbed by 6.7 US cents to $1.30 per litre. On May 17, the price of US WTI crude oil remained at a high level of over $114 per barrel while Brent oil maintained its upward momentum at $114.28 per barrel. Before the next adjustment, which was due on May 21, petrol prices in Vietnam were forecast to continue to increase to higher levels. The ministries first adjusted gasoline prices on January 11 due to a decrease in global supply, production output by Kazakhstan and Libya, and oil inventories of the United States. According to Decree No.95/2021/ND-CP, effective from January, there will be three adjustments each month to the … [Read more...] about Vietnam riding the wave of inflationary unpredictability

Foreign military attachés and the Khanh Hoa Military Command pose for a group photo. (Photo: qdnd.vn) Hanoi (VNA) – A delegation of foreign military attachés visited the Military Command of central Khanh Hoa province on May 25, according the Quan doi Nhan dan (People’s Army) daily. The delegation comprised military attachés of Thailand, the UK, Myanmar, Laos, Germany, the Czech Republic, the Netherlands, Malaysia, South Africa, the Republic of Korea, and the US, along with advisors to the Vietnam Department of Peacekeeping Operations. This was the first visit to Khanh Hoa by a delegation of foreign military attachés since the COVID-19 pandemic broke out. Colonel Trinh Viet Thanh, Political Commissar of the Khanh Hoa Military Command, brief the guests on the province and tasks of the command. The visiting attachés highly valued anti-pandemic efforts by the Vietnamese Government, as well as the Vietnam People’s Army and the Khanh Hoa Military Command. They … [Read more...] about Foreign military attachés visit Military Command of Khanh Hoa province