Valuations of Vietnamese stocks could soar in 2021
Listed companies are expected to recover significantly in 2021, and this, along with abundant cash flows into the securities market, is expected to push valuations to record levels.
Detailed information here.
Vietnam banks speed up replacement of magnetic cards
Under a recent circular released by the SBV, banks are required to issue chip cards instead of the magnetic cards from March 31, 2021. Infact, many banks have already completed the process. For example, PVcombank completed the change from magnetic cards into EMV (Europay, MasterCard, and Visa) embedded chip card. Vietcombank has so far issued over 1.5 million contactless cards and upgraded 60% of its electronic data capture (EDC) system, 80% of its ATMs are chip-enabled.
Detailed information here.