In a sign of increasing liberalisation, Vietnam’s capital market is to debut its first derivatives contracts tomorrow. Analysts say investors are unlikely to rush in.
Korea: corporate tax to rise for the first time since 1990, Singapore: MAS establishes e payments council, China: Ministry of Finance clarifies SOE investment regulation, Vietnam orders banks to reduce interest rates
Vietnam is implementing a plan to improve and increase non-cash payments by 2020, which will make clearing and settlements, electronic payments, FX inter-bank markets more efficient, treasurers argue.
A derivatives market targeting public stocks and government debt will be launched either in May or June as the Vietnamese government seeks to boost foreign investment.
As Donald Trump looks to pull out of the Trans-Pacific Partnership, the remaining nations have three options available to them to salvage the situation. Either way, access to trade finance will continue to suffer.
Does the inauguration of the 45th president of the United States spell the beginning of the end for American companies outsourcing work to cheaper Asian countries?
Big tax cuts and a Trump spending splurge are set to keep the dollar strong, FX experts say, while the shock election result is unlikely to derail a December rate hike.