Fixed income
05
January
SBV maintains liquidity support ahead of the Tet holiday
In the final sessions of the year, the SBV sustained its net liquidity injection via OMO to facilitate peak credit disbursement activity across the banking system. On the interbank market,...
29
December
SBV returns to net injections as credit growth hits a record high
This week, the SBV shifted back to net liquidity injection via OMO, as credit growth surpassed official targets while USDVND continued to move broadly sideways. On the interbank market, the...
24
December
SBV returns to net withdrawal as interbank liquidity cools
This week, as banking system liquidity eased, the SBV shifted back to a modest net liquidity withdrawal via OMO, while USDVND remained broadly range-bound toward year-end. The interbank yield curve...
16
December
SBV extends net liquidity injection as interbank rates cool
This week, the SBV maintained its net liquidity injection for the third consecutive week amid persistent year-end pressure in the banking system. The interbank curve steepened as short-term rates cooled...
11
December
Nov 2025: Lower issuances, Higher maturity pressure
The issuances from major sector significantly declined In Nov 2025, the total value of bond issuance slightly increased to VND34,213bn (Fig.1), -6% yoy and -48% mom. The Banking issued VND18,242bn...
10
December
SBV returns to net injection as interbank rates surge
This week, as liquidity in the banking system tightened, the SBV shifted back to a net injection position on the OMO market. Meanwhile, the USDVND held broadly sideways amid expectations...
03
December
SBV returns to net injection as interbank rates surge
This week, as liquidity in the banking system tightened, the SBV shifted back to a net injection position on the OMO market. Meanwhile, the USDVND held broadly sideways amid expectations...
24
November
SBV back to withdrawal as interbank cools
This week, as banking system liquidity cooled, the SBV returned to net liquidity withdrawal via OMO, while USDVND remained broadly sideways amid market anticipation of upcoming Fed developments. The interbank...
17
November
SBV maintains net injection
This week, the SBV continued its net liquidity injection to support the banking system as year-end demand pressure intensified. Specifically, the interbank yield curve steepened, with short-term rates cooling while...
Featured Analysis
Covered warrant: Positive developments
Derivatives: All-time high
Market commentary: Year-end breakthrough
Chart of the day: All-time high
Market commentary: Approaching historical peak zone
Derivatives: Tests historical peak
Market commentary: Return to upward trend? week
