Fixed income
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...
08
July
Jun 2025: New issuance hit a record high in June
In Jun 2025 the total bond issuance increased to VND115,575bn (Fig. 1), (+36% yoy and +56% mom). The Banking led the Jun 2025 surge with VND94,168bn (+30% yoy) and accounted...
08
July
USDVND rebounds as reciprocal tariffs unveiled
This week, USDVND came under renewed pressure following Trump’s announcement of the outcome of tariff negotiations with Vietnam. Although the final rates were lower than the initially proposed 46%, they...
30
June
USDVND cools as SBV reissues bills
The USDVND eased after five consecutive weeks of gains, following the SBV’s reissuance of central bank bills for the first time in over three months to address interest rate differentials....
23
June
Exchange rate under pressure as interest rate gap widens
The USDVND exchange rate continued its upward trend for the fifth consecutive week, a clear response to evolving domestic and international economic landscapes. On the global front, the Federal Reserve’s...
16
June
USDVND pressure persists
USDVND continued its fourth consecutive weekly increase, although the pace of increase has gradually slowed. The rise reflects market caution ahead of the outcome of trade negotiations between Vietnam and...
12
June
May 2025: Record issuance, Rising maturity pressure
In May2025, the total bond issuance increased to VND66,112bn (+117% yoy, +38% mom). The Banking issued VND48,757bn (+123% yoy) and made up 74% of the total May issuance. Corporate bond...
Featured Analysis
Market commentary: Foreigners reversed strongly to net buying
Derivatives: Downtrend ahead?
Market commentary: Liquidity hits record high
ACB – Brief – [NONRATED] – Strengthened asset quality
Market traders: Liquidity surged
Derivatives: New high of the year
Market commentary: Liquidity surged
