Many listed businesses in Việt Nam have have concluded their arrangements to distribute cash dividends to shareholders, with the highest dividend rate reaching 33.5 per cent.
The General Department of Taxation proposed the State Bank of Việt Nam study regulations on making non-cash payments compulsory for gold transactions together with a control mechanism to improve transparency.
Techcombank proposed an annual cash dividend payment of at least 20 per cent of total profit, equivalent to 4-5 per cent of the bank''s equity at the beginning of the year, an estimated VNĐ1,500 a share for 2024.
The highlight lifting the market last week was the strength of domestic cash flows, shadowing the record net outflow of foreign capital. Experts believe it is likely to support the market this week.
Starting August 7, Napas cardholders will be able to utilise the Mobile Banking application to perform interbank cash withdrawals from ATMs by scanning the VietQR code, eliminating the need for a physical card.
Analysts said the stock market will proceed with its uptrend as domestic investors'' cash flows continue to pour into the market, in the context that all major banks have slashed their deposit interest rates.
The central bank''s rate cut decision is forecast to shift cash flows from deposit investment channels to riskier investment channels like the stock market.
PVcomBank, Vietpay Technology Company Ltd under Nexxo SG Private Limited (the UK) and Visa have officially launched multi-channel merchant acquire service with an aim to contribute to non-cash payment orientation in Viet Nam.