Macro

• Economic indicators
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• Macro flash

17

February

SBV withdraws liquidity amid escalating USDVND pressure

This week, the SBV returned to liquidity withdrawal as post-Tet effects faded, while USDVND surged. Specifically, with easing liquidity pressures, the interbank rate curve shifted downward this week. On the...

Report (6)

13

February

SBV calibrates FX quotation amid global uncertainties

On 11 February, 2025, SBV revised its methodology for determining USD selling and buying prices, shifting to a daily adjustment mechanism based on central rate fluctuations instead of maintaining fixed...

Report (2)

10

February

SBV supports liquidity amid escalating USDVND pressure after Tet

This week, liquidity tensions emerged in the money market after the Tet holiday, with interbank rates rising significantly. In response, the SBV injected liquidity to ease pressure despite escalating USDVND...

Report (3)

06

February

Tet may mask a stronger economic performance

Vietnam’s economy showed resilience in January despite global trade war concerns. Accounting for a 22.7% reduction in working days due to Tet, our analysis suggests that export activities and industrial...

Report (5)

03

February

SBV supports liquidity before Tet holiday

This week, the SBV injected a significant amount of liquidity to ensure money supply for the Tet holiday as exchange rate pressures eased further. The interbank yield curve flattened, with...

Report (3)

24

January

December 2024: Easing Pressure

In December 2024, traded values of corporate bonds rose to VND140tn (+29% mom, +60% yoy). The Banks and Real Estate sectors accounted for 31/48% of the total traded volumes (-12%p/+16%p...

Report (6)

21

January

Trump’s inauguration: What to expect?

President Donald Trump began his term with sweeping executive actions, focusing on energy and immigration. He declared a national energy emergency to boost domestic production and withdrew from the Paris...

Report (5)

20

January

SBV resumes liquidity injection ahead of Trump’s inauguration

This week, the SBV resumed liquidity injection after significant withdrawals in the previous week as exchange rate pressures eased. The interbank yield curve declined, with sharper drops in shorter tenors....

Report (3)

13

January

SBV back to withdrawal as DXY surged

This week, the SBV significantly withdrew liquidity after injections in previous weeks, as the USD strengthened further. As a result, the interbank yield curve experienced a notable increase in short...

Report (0)