The Vietnamese equity market boasts strong potential to become a major source of financing for the private sector, according to specialists from the World Bank.

Vietnam’s economy continued to receive positive assessments in August, including those from the World Bank (WB) that upgraded its growth forecast for this year to 6.1% from 5.5%.

VOV.VN - The Vietnamese economy is forecast to grow 6.1 % in 2024, and 6.5 % in both 2025 and 2026, up from 5 % last year, according to the World Bank’s latest report titled “Taking Stock: Reaching New Heights in Capital Markets”.

World Bank (WB) experts have suggested several things that Vietnam should do to attract foreign investment in the stock market at the recent Inter-Agency Seminar on Unlocking the Potential of Vietnam’s Capital Markets.

The Vietnam International Commercial Joint Stock Bank (VIB) has closed a medium-long-term syndicated loan worth US$280 million.

Despite many difficulties due to increasing interest rates, the pressure on the capital market is expected to decrease gradually in 2023, experts forecast.

The steering committee for ASEAN dissemination at the Ministry of Information and Communications (MIC) held a conference in Hanoi on August 4 on the dissemination of information about the Association of Southeast Asian Nations (ASEAN) on the occasion of the bloc’s 55th founding anniversary.

VOV.VN - Leaders of US economic and financial groups such as Kohlberg Kravis Roberts (KKR), VISA, Citigroup, and Standard & Poor’s all hailed Vietnam’s development potential during separate meetings with visiting Vietnamese Prime Minister Pham Minh Chinh.

VOV.VN - Experts and businesses have recommended that the Government quickly accelerate the credit rating of bond issuers and move to strengthen the accountability of intermediaries as a way of minimising risks for investors engaging in the capital market.

How to develop a safe, transparent, effective, and sustainable capital market to ensure macro-economic stability is the focus of a conference held under the chair of Prime Minister Pham Minh Chinh on April 22.