Macro
22
August
Vietnam’s IFC: What to know? (P.1)
Vietnam is entering a decisive stage in establishing International Financial Centers (IFCs) in Ho Chi Minh City and Da Nang, with the goal of mobilizing global capital and advancing long-term...
18
August
USDVND edges higher, overriding global dollar weakness
This week, the SBV returned to net liquidity withdrawal as demand cooled, while the interbank curve steepened with sharp declines in short-term rates and slight increases at the long end,...
11
August
USDVND moves sideways in an information-light week
This week, the SBV injected liquidity into the banking system, albeit at a modest level, while interbank rates stayed elevated and USDVND was broadly flat. On the interbank market, rates...
07
August
Jul 2025: Lower issuances, higher maturity pressure
In Jul 2025 the total bond issuance dropped to VND43,303bn (Fig. 1), +6% yoy and -65% mom Corporate bond maturities in August are projected to reach VND35,752bn, +433% yoy
06
August
Stable domestic growth amid early signs of export deceleration
Vietnam’s July economic report paints a mixed but overall encouraging picture. Export growth, particularly for sea-shipped goods, showed slowdown, and FDI inflows reflected increased investor caution amid ongoing tariff uncertainty....
04
August
USDVND surges ahead of tariff outcomes
This week, the SBV modestly withdrew liquidity from the banking system by rolling just enough repos to offset maturing pressures, while USDVND surged. Interbank rates cooled with sharp declines in...
28
July
SBV boosts liquidity injection as system demand climbs
This week, the SBV continued its strong net liquidity injection into the banking system as funding demand rose, while USDVND cooled down. Interbank rates increased across all tenors, with sharp...
21
July
SBV supports liquidity while USDVND rises
This week, the SBV recorded a significant injection through the repo instrument to support the banking system amid a tighter liquidity condition, with short-term interbank rates surging. On the FX...
14
July
USDVND eases amid evolving tariff developments
This week, the USDVND cooled as the latest developments in U.S. tariff policy unfolded. Specifically, the U.S. has announced a series of blanket tariffs on its key trading partners, most...
Featured Analysis
Vietnam’s IFC: What to know? (P.1)
Retail – Notes – [NON-RATED] – Minimarts drive the growth
Market commentary: New record high
Derivatives: Closing at the day’s high
Market commentary: Absorbing selling pressure
Derivatives: Bottom-fishing demand
BID – Earnings review – [BUY] – Enhancing bad debt recovery
