Fixed income
20
January
SBV continues to net withdrawal
This week, the SBV continued its net liquidity withdrawal via OMO as liquidity pressure in the banking system eased. On the interbank market, the interbank curve flattened, with short tenor...
16
January
Dec 2025: Higher issuances, Lower maturity pressure
The issuances from major sector significantly expanded In Dec 2025, the total value of bond issuance surged to VND84,355bn (Fig.1), 3% yoy and 140% mom. The Banking issued VND56,859bn with...
12
January
SBV returns to net withdrawal as demand eases
This week, the SBV shifted back to net liquidity withdrawal via OMO as liquidity pressures in the banking system eased at the start of the year. On the interbank market,...
06
January
The Dawn of National Rise
Vietnam’s economy recorded a strong acceleration toward year-end, underpinned by the combined strength of domestic resilience and renewed momentum in external trade. Real GDP growth remained aligned with national targets,...
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...
Featured Analysis
QTP – Earnings review – [BUY] – 4Q25: One-off income lifts earnings sharply
Derivatives: A cautious stance
Market commentary: Late-session selling pressure
Derivatives: Testing the 10-Period Moving Average
Market commentary: Market volatility
Derivatives: Awaiting breakout signal
Market commentary: Divergence market
