Macro

06

March

Economic activities maintain momentum on domestic factors

Vietnam’s economic momentum remains strong, with domestic consumption emerging as the primary driver, according to GSO’s February report. While export turnover and export-driven industrial production grew at a slower pace...
Report (2)

03

March

SBV moderately withdraws liquidity while USDVND pressure extends

This week, the SBV continued to withdraw liquidity, albeit at a moderate level, while USDVND maintained its rally. The interbank yield curve shifted upward, with shorter tenors experiencing sharper increases....
Report (5)

24

February

SBV continues to withdraw liquidity amid ongoing exchange rate pressures

This week, the SBV continued to withdraw liquidity as the banking system remained abundant following the fading post-Tet effect, while USDVND maintained its upward trajectory. Specifically, with easing liquidity pressures,...
Report (4)

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)
1 2 3 4 5 6
to top