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KTFA
Clare » June 24th, 2023
*THANK YOU JEFF FOR THE ARTICLE
Vietnam considered rising star to become emerging market
A recent article posted on portfolio-adviser.com, a news website based in the UK, has pointed out the frequent hope that Vietnam will be upgraded from its frontier-market status to the emerging market status.
June 22, 2023
Hanoi (VNA) – A recent article posted on portfolio-adviser.com, a news website based in the UK, has pointed out the frequent hope that Vietnam will be upgraded from its frontier-market status to the emerging market status.
Many years of consistently high GDP growth have been due to a highly attractive combination of political stability with sound pro-market e*******n from the government which has managed to slash poverty from 17% to less than 5% in a decade, the article wrote.
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“Perhaps the best-known growth driver for Vietnam is its step-change in foreign direct investment (FDI), benefiting from an increase in exports due to what is widely known as China Plus One,” it said.
The country continued to sign more than a dozen key trade agreements during the pandemic-triggered lockdown. These partnerships will make it easier for companies to do business in Vietnam, positioning itself ever more as a manufacturing expert with ease of access to broad, international markets and benefitting from 3,000 kilometres of coastline and the close connections to China.
According to the writing, Vietnam is now moving more towards manufacturing higher-value products, more in electronics rather than textiles.
One of Vietnam’s most critical FDI sources is Samsung Electronics. The technology giant employs tens of thousands of people in Vietnam and is the largest investor in the country, with 50% of its handsets being produced there.
There is frequent hope that Vietnam will be upgraded from its current, off-benchmark, frontier market status to emerging market status by MSCI. The Vietnam stock market overall now meets the size and liquidity requirements to be included, with a four-fold surge in retail participation during the past 2 – 3 years, driven by digital account technology, the article added./. LINK
The government reveals a center that will be a place for the activities of selling and trading securities in Iraq
6/23/2022 – Baghdad
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Today, Friday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the most important tasks of the Finance and Business Center in Iraq, while confirming that it will be a place for the activities of selling and trading governmental and private securities, similar to what exists in the world.
Saleh said, in a statement to the official (fourth) agency, that “the importance of establishing the financial center in Iraq announced by the Central Bank of Iraq lies in the scope of the country’s financial and banking development strategy and a new start in the importance of establishing and building a spatial or geographical location in which the financial operations in which it contributes are concentrated.”
A wide spectrum of institutions participating in financial activity in our country, in which their business is integrated and interconnected in their inputs and outputs, specifically banking business and management of various financial assets and assets, and non-banking financial sector business such as insurance and reinsurance companies, financial investment funds, hedges and various logistical businesses that support financial market activity, i.e. In both its parts (banking and non-banking), it is supported at the same time by various financial intermediation businesses that will use ultra-modern financial technologies.
He added, “The aforementioned center will be a place for the activities of selling and trading governmental and private securities, whether stocks as property instruments or bonds as debt instruments, whether those are listed in the Iraq Stock Exchange and not, in addition to various clearing operations and the general activities of the primary and secondary financial markets as issuing and trading bodies.” Securities.
And Saleh continued, “The financial center includes consulting offices such as the offices of accounting and auditing companies, related legal offices, and credit rating agencies,” noting that “in this way, the financial center is an integrated complex of services and a geographical spot that enables dealers to have direct access to large capital pools.” At the forefront of which are local and international banks, insurance companies, investment funds and the capital market.
And he indicated that “the financial center is an important site in conducting transactions related to modern financial engineering, such as (financial securitization) operations and other management of financial derivatives and their modern tools, in addition to tax regulation work for them.”
He stressed, “The financial instruments approved in the world’s financial markets will find their correct and legal birth in the financial center of Iraq, similar to the financial centers in the world such as Dubai, Singapore and Shanghai, and many of them are in international cities in London, Frankfurt, New York and others. ” LINK
Source: Dinar Recaps
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