Macro

• Economic indicators
• Economic perspectives
• Fixed income
• Macro flash

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)

07

January

SBV injects liquidity at year start

This week, the SBV injected a modest amount of liquidity as exchange rate pressures eased. As a result, the interbank yield curve experienced a sharp decline in short tenors, signaling...

Report (0)

06

January

A brighter economic picture at year-end

The December economic report underscores a brighter performance in the final months of the year following a sluggish period marked by high global uncertainty. On the external front, exports regained...

Report (2)

30

December

SBV injects significantly to ease year-end liquidity pressure despite amplified USDVND strain

In the final week of 2024, the SBV injected significant liquidity as interbank rates surged sharply due to year-end demand. However, this action, combined with external global macro factors, has...

Report (0)

23

December

SBV strengthens liquidity withdrawal amid amplified USDVND pressure

This week, the SBV strengthened liquidity withdrawal as exchange rate pressures intensified. As a result, the interbank rate curve shifted upward across most tenors following the SBV’s actions. On the...

Report (1)

16

December

SBV resumes liquidity injection

This week, the SBV resumed liquidity injection as accelerating lending activities in year-end seems leave some pressure on the liquidity condition of the banking system. The interbank rate curve drifted...

Report (4)