Macro
22
September
USDVND edges down after Fed cut
In 38W25, interbank liquidity remained comfortable as the SBV allowed a net withdrawal amid repo maturities, while short-term rates declined and trading volumes surged. These dynamics suggest easing funding pressures,...
17
September
Aug 2025: Higher issuances, lower maturity pressure
In Aug 2025, the total value of bond issuance increased to VND60,362bn (Fig.1), - 6% yoy and 34% mom. The Banking led the growth with VND33,714bn with -37% yoy and...
17
September
Sep FOMC meeting: What to expect?
The Federal Reserve kicks off its two-day meeting Tuesday, and is widely expected to decide to cut interest rates by 25 basis points on Wednesday. The rate decision will be...
15
September
USDVND moves sideways ahead of the FOMC
This week, USDVND was little changed while the dollar index fell sharply as the FOMC meeting approached. Specifically, concerns about the U.S. labor market outweighed sticky inflation: job openings declined,...
09
September
SBV withdraws liquidity after the holiday
This week, the SBV maintained a sizable net liquidity withdrawal as repo maturities outpaced new issuance, signaling eased system liquidity. Interbank rates fell across most tenors, with higher trading volumes...
08
September
Domestic demand takes the lead as external risks recede
The macroeconomic landscape of Vietnam in August continued to present a multifaceted picture. Specifically, FDI showed improvement compared to the same period last year, though the overall growth trend remained...
03
September
SBV withdraws liquidity ahead of Independence Day
This week, the SBV returned to a sizable net liquidity withdrawal as liquidity condition in the banking system turned soft with interbank rates, especially those on short-term tenors, falling sharply....
25
August
Dovish Fed, decisive SBV amid USDVND movement
This week, USDVND spiked early before easing by week’s end, driven by both external and domestic factors. On the global front, the dollar softened after Chair Powell signaled openness to...
22
August
Vietnam’s IFC: What to know? (P.1)
Vietnam is entering a decisive stage in establishing International Financial Centers (IFCs) in Ho Chi Minh City and Da Nang, with the goal of mobilizing global capital and advancing long-term...
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
