Fixed income
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...
10
November
SBV rollovers repos as demand persists
This week, the SBV maintained its net liquidity injection at a modest level, mainly to offset withdrawal pressure from maturing repo contracts and support system-wide liquidity. Interbank rates remained elevated,...
03
November
SBV maintains liquidity injection as demand persists
This week, the SBV maintained its net liquidity injection, albeit at a modest level, mainly to offset the withdrawal pressure from maturing repo contracts. Specifically, the interbank yield curve diverged,...
27
October
SBV injects significantly as liquidity pressures intensify
This week, the SBV executed its second-largest net injection of 2025, likely due to significantly intensified liquidity pressures ahead of the year-end credit push. This tightening was reflected in the...
Featured Analysis
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