Macro
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...
09
December
Economic activity slows amid natural disasters
Vietnam’s economic landscape in November revealed both the destructive force of natural disasters and the resilience of the domestic economy in the face of climatic shocks. Most key indicators deteriorated,...
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,...
06
November
National growth target clouded by climatic disruptions
Vietnam’s economic landscape entering the final quarter of 2025 is crucial, as it will determine whether the government’s ambitious growth target can be achieved. Following a robust third quarter, the...
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
Market commentary: Low liquidity
Market traders: Proprietary traders recorded strong net selling
Derivatives: Awaiting the next signal
Market commentary: Green returns
Covered warrant: Liquidity continues to increase
Derivatives: Bearish sentiment
Market commentary: Broad-based selling pressure
