Analysis Center
21
October
SBV re-offers T-bills amid escalating USDVND
This week, SBV resumed T-bill offerings for the first time in six weeks to withdraw liquidity from the banking system, aiming to curb the rapidly rising exchange rate in recent...
14
October
SBV pulls back liquidity as interbank rates drift
This week, the SBV halted its repo issuance, leading to a modest liquidity withdrawal as previous repo contracts matured, amid a continuing rise in exchange rates. The interbank rate curves...
09
October
4Q24 Strategic Insight : Low cost cash flow amid slowing domestic consumption
Based on current growth momentum, we forecast Vietnam’s real GDP to grow by 7.10% in 4Q24, although Typhoon Yagi, according to authorities' estimates, could dampen the economic growth with a...
08
October
SBV turns to liquidity withdrawal as USDVND rebounds
This week, the SBV resumed liquidity withdrawal following significant injections in the previous week, amid a notable rise in exchange rates. The interbank rate curves shifted downward across all tenors,...
07
October
Vietnam economy preserves acceleration momentum on exports
GSO’s September could provide an optimistic sentiment for investors with higher-than-expected economic growth, a steady export value, a steady FDI disbursement, and soft inflation despite the Yagi typhoon in September...
02
October
Power sector – Preview – [Neutral] – 3Q24F Preview: The comeback of Hydropower
We believe that the 3Q24F's earnings of the hydropower groups could benefit significantly due to the La-Nina phase impact. Besides, thermal power groups record growth thanks to an increase in...
02
October
Economic drivers preserve their roles
The economic situation in August continued to develop in the trajectory seen in two recent months. While export performance remains solid with a double-digit growth rate for the sixth consecutive...
02
October
SBV returns to liquidity injections
After two weeks of net withdrawals, the SBV shifted to injecting liquidity in the last week, marking the largest injection in four months amidst a slight uptick in the exchange...
02
October
Seafood sector – Preview – [Overweight] – 3Q24F Preview: A robust growth trajectory
We believe that the 3Q24F’s earnings for most enterprises in the sector could experience high growth due to the low base effect in 3Q23. Regarding the pangasius industry, VHC could...
Featured Analysis
Market commentary: Uptrend signal?
Aviation – Note – [NONRATED] – Competition arises in the international market
Derivatives: Piercing line pattern
Market commentary: Broad-based gains
Derivatives: Downtrend returns
Market commentary: Low liquidity
VCB – Earnings review – [BUY] – Maintaining asset quality
