Fixed income
18
May
FX pressure continues as inflationary pressures intensify
In 20W26, the SBV shifts to a modest net liquidity withdrawal from the banking system to balance systemic positions. This cautious absorption of excess funds drives short-term interbank rates slightly...
11
May
SBV continues net liquidity injection and interbank rates cool down
In 19W26, the SBV continues its net liquidity injection for a third consecutive week at a moderate level to maintain system stability. Additionally, interbank rates have cooled down following recent...
06
May
Apr 2026: Medium issuances led by Real Estate and Bank industries
In April, total value of bond issuance declined 20.1% yoy but rose 12.1% mom to VND38,235bn. The Real Estate issued VND13,776bn, -42.1% mom, and accounted for 36.0%. Major issuer was...
06
May
SBV maintains net liquidity injection as funding demand spikes
In 18W26, SBV maintains liquidity injections, albeit at a moderate level, to the banking system during holiday week. Specifically, interbank rates rise on short tenors due to increased funding demand...
28
April
SBV returns to liquidity injection ahead of the holiday
This week, the SBV returned to net liquidity injection after two consecutive weeks of strong withdrawal. On the money market, the interbank curve steepened further as short term rates, particularly...
21
April
SBV continues net withdrawal as demand cools
This week, the SBV extended its net liquidity withdrawal for a second consecutive week at a strong pace, as funding demand eased. Interbank rates declined across tenors alongside lower trading...
15
April
Mar 2026: High issuances led by the real estate industry
In March, the total value of bond issuance rose 73.9% yoy and x7.3 mom to VND29,910bn, of which MARC was the main issuer with VND10,195.5bn and NTJ with VND8,000bn. The...
13
April
SBV shifts to net liquidity withdrawal as demand cools down
In 15W26, the SBV shifts to a net liquidity withdrawal from the banking system following a week of strong injections, as funding demand begins to cool down. Consequently, interbank rates...
07
April
SBV ramped up liquidity injection ahead of the new quarter
This week, the SBV stepped up liquidity injections as demand picked up at the start of 2nd quarter after credit room was largely used up in the previous one, alongside...
Featured Analysis
Derivatives: A Sell Signal?
Market commentary: Selling pressure around elevated price levels
GMD – Brief – [NONRATED] – Gemalink drove 1Q26 results
Market traders: Proprietary trading recorded strong net selling
Covered warrant: Liquidity improved
Derivatives: Continued accumulation
Market commentary: Market recovery
