playtech premium european roulette,new scr2 link,c8 bookie

Vietnam is increasingly becoming an attractive destination for investors encouraged by the country’s stable economic and political backdrop. On the domestic front, a young population and a better educated workforce with rising incomes is also driving the demand for investment products. This augurs well for the wealth management industry.

Vietnam’s economy remained resilient in 2020 despite COVID-19, expanding by 2.9%1, one of the highest growth rates in the world. This resilience stems from its growing middle-income class and a young population which kept the economy afloat via domestic spending, and in the absence of growth in other key sectors. The Vietnam government’s early and decisive responses to virus containment and well-targeted fiscal and monetary policies have also been crucial in seeing the economy through recurrent COVID-19 waves. To cope with the challenges brought about by the highly contagious Delta variant the government has switched the focus to patient treatment and large-scale vaccination and introduced other measures to help businesses maintain their production. The country is aiming to achieve herd immunity by April 2022 by prioritizing the biggest cities like Ho Chi Minh City and Hanoi. Despite the latest outbreak, Vietnam’s GDP is expected to expand by about 4.8% in 2021.2

Such moves by an active and flexible government have helped to reinforce investors’ belief in the post pandemic recovery and the long-term sustainable growth of the country; Vietnam is taking steady steps to become an emerging market. Against this stable economic and political backdrop, the country’s capital markets have grown tremendously in the last decade. Equity and bond markets now offer sustainable investment opportunities for investors. ,big small percuma

Thanks for subscribing!,10 cent roulette online casinos

Vietnam’s equity market has been resilient during the COVID-19 pandemic and thus became one of the top performers in the first half of 2021. In fact, it has grown impressively post the US subprime crisis. See Fig 1. Market cap has expanded 22 times to USD292bn3, accounting for more than the country’s GDP. Annual return has averaged 15.5% over 12 years5 whilst the stock universe has seen a fivefold rise. More foreign investors have active and passive investment exposure, thanks to some relaxation in the foreign ownership limits. Market liquidity has also been healthy, driven mainly by retail investors. Newly opened local retail brokerage accounts hit new highs in 1H2021, reaching a penetration rate of 3.5% of the total population5.

big sweep 14.4.19,Regulations have become more transparent and hence the market is better regulated. The New Securities Law which came into force on 1 January 2021 brings the legal framework in line with both the market practice and international standards. Among key highlights of the New Securities Law are stricter criteria for public companies and the introduction of new investment instruments, such as Depositary Receipt (DR), Non-Voting Depositary Receipt (NVDR), and Short Selling. Those are essential to increase the chances of Vietnam being reclassified as an emerging market in the coming years.

Government bonds dominate the USD90bn local currency bond market, accounting for ~65% share6. But in the last ten years, the corporate bond market has been expanding impressively at the CAGR of 27.4%7. See Fig 2. More high-quality issuers from several key sectors, dominated by real estate, banking and energy, are issuing bonds. Retail investors are also looking at the credit market as an alternative investment channel in view of the low rates offered by government bonds and bank deposits. In fact, the development of the mutual fund market in the last five years has provided the platform for retail investors to participate in the credit market.

newtown casino download for pc,The credit market has tripled its liquidity in the last five years with an average monthly trading value of USD110mn. Greater regulations to promote transparency and fairness in the market have slowed the growth recently. On the flipside, more regulations suggest greater comfort for an increasing number of educated investors. As such, the corporate bond market size which is currently only 11% of GDP has plenty of room to grow.

In the 10 years prior to the COVID-19 pandemic, Vietnam’s annual GDP growth averaged at 6.3%8, one of the fastest in Asia. This high growth has contributed to the fast-growing capital markets. Once an agricultural-based economy, growth is now led by industrial activity and services. This transformation has been aided by Vietnam’s attractive demographic dividend; 56% of its people are under 359 with a median age of 32.5 years, the highest among countries in the region with similar income levels. This has resulted in the country benefiting from a large labour workforce of 56.5 million, the second largest labour force in South East Asia, behind Indonesia.

cs go twitch
new sc388 app

Equally Vietnam’s fund management industry has developed in tandem with the evolution of the country’s financial markets. Institutional investors, onshore and offshore, have almost tripled their assets under management from USD19.4bn in 201512 to USD52.5bn in 202013. Vietnam is considered as a proxy for emerging markets and that has been drawing in more foreign investors. Local retail investors are also more receptive to the idea of a professional fund manager as they see the benefits compared to self-investment. More investment products such as mutual open-ended funds, ETFs etc. have been embraced by local investors. All of this portends well for the industry going forward.

Sources:
1 Bloomberg’s historical data sourced from Vietnam Government Statistic Office
2 World Bank, Taking Stock Aug 2021
3 Total market cap of HOSE, HNX, UPCoM bourses. Bloomberg, as 9 August 2021
4 Bloomberg. Annual return of Vietnam main bourse – VNIndex – from 31 Dec 2008 to 6 Aug 2021
5 Vietnam Security Depository Center website, as 31 July 2021
6 ADB, Asia Bond Minor Jun 2021 Report & Techcombank Securities, Corporate Bond Market Review Q1/2021
7 Techcombank Securities, Corporate Bond Market Review Q1/2021
8 World Bank database, data.worldbank.org
9 World Bank – Vietnam country overview, updated 7 Apr 2021
10 BMI Vietnam Market Report, Boston Consulting Group’s survey & Nielsen market research
11 Ministry of Finance, Insurance Supervisory Agency, Insurance Market 2020 Review
12 Interview with a Representative from the State Securities Commission, Vietnam Investment Review Magazine,21 July 2020
13 Cerulli Associates, Institutional Asset Management in Asia 2020 Report

This document is produced by playtech premium european roulette (Singapore) Limited and issued in:

macau hong kong, Singapore and Australia (for wholesale clients only) by playtech premium european roulette (Singapore) Limited (UEN: 199407631H), which is incorporated in Singapore, is exempt from the requirement to hold an Australian financial services licence and is licensed and regulated by the Monetary Authority of Singapore under Singapore laws which differ from Australian laws.

Hong Kong by playtech premium european roulette (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong. ,igkbet malaysia


casino software 365 free credit, Indonesia by PT playtech premium european roulette Indonesia, an investment manager that is licensed, registered and supervised by the Indonesia Financial Services Authority (OJK).


big sweep 14.4.19, Malaysia by playtech premium european roulette Berhad (531241-U).


macau international airport,This document is produced by playtech premium european roulette (Singapore) Limited and issued in Thailand by TMB Asset Management Co., Ltd. Investment contains certain risks; investors are advised to carefully study the related information before investing. The past performance of any the fund is not indicative of future performance.


United States of America (for institutional clients only) by playtech premium european roulette (Singapore) Limited (UEN: 199407631H), which is incorporated in Singapore and is registered with the U.S Securities and Exchange Commission as a registered investment adviser.,check4d2u


casino software 365 free credit,European Economic Area (for professional clients only) and Switzerland (for qualified investors only) by playtech premium european roulette (Luxembourg) S.A., 26, Boulevard Royal, 2449 Luxembourg, Grand-Duchy of Luxembourg, registered with the Registre de Commerce et des Sociétés (Luxembourg), Register No B 173737.


United Kingdom (for professional clients only) by playtech premium european roulette (Luxembourg) S.A. - UK Branch, 10 Lower Thames Street, London EC3R 6AF. ,maxbet free


big small percuma, Chile (for institutional clients only) by playtech premium european roulette (Singapore) Limited (UEN: 199407631H), which is incorporated in Singapore and is licensed and regulated by the Monetary Authority of Singapore under Singapore laws which differ from Chilean laws.


The afore-mentioned entities are hereinafter collectively referred to as Eastspring Investments.,casino software masuk RM100, free RM50


The views and opinions contained herein are those of the author on this page, and may not necessarily represent views expressed or reflected in other playtech premium european roulette’ communications. This document is solely for information purposes and does not have any regard to the specific investment objective, financial situation and/or particular needs of any specific persons who may receive this document. This document is not intended as an offer, a solicitation of offer or a recommendation, to deal in shares of securities or any financial instruments. It may not be published, circulated, reproduced or distributed without the prior written consent of Eastspring Investments. Reliance upon information in this posting is at the sole discretion of the reader. Please consult your own professional adviser before investing. ,online roulette offers


big gaming angpau,Investment involves risk. Past performance and the predictions, projections, or forecasts on the economy, securities markets or the economic trends of the markets are not necessarily indicative of the future or likely performance of playtech premium european roulette or any of the funds managed by Eastspring Investments.


ace333 topup,Information herein is believed to be reliable at time of publication. Data from third party sources may have been used in the preparation of this material and playtech premium european roulette has not independently verified, validated or audited such data. Where lawfully permitted, playtech premium european roulette does not warrant its completeness or accuracy and is not responsible for error of facts or opinion nor shall be liable for damages arising out of any person’s reliance upon this information. Any opinion or estimate contained in this document may subject to change without notice.


supreme toto 6/58 prize,playtech premium european roulette (excluding JV companies) companies are ultimately wholly-owned/indirect subsidiaries/associate of Prudential plc of the United Kingdom. playtech premium european roulette companies (including JV’s) and Prudential plc are not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc (a company incorporated in the United Kingdom).

webmaps