On the OMO channel, the State Bank of Vietnam lent commercial banks a total of nearly 35.62 trillion VND with an interest rate of 4%. Last week saw a maturity amount of more than 33.5 trillion VND on the channel, so the SBV’s total net injection via this was 2.09 trillion VND.
A strong US dollar will still be a major factor influencing the USD/VND exchange rate in 2025, causing the Vietnamese dong to depreciate by about three% against the dollar, experts forecast.
The Thai baht has been experiencing a greater degree of volatility against the US dollar than its regional peers, mainly due to market expectations of a US policy rate cut and global gold prices.
The sustainable bond market of member economies of the Association of Southeast Asian Nations (ASEAN), China, Japan, and the Republic of Korea expanded 29.3% last year, outpacing the 21% growth of the global and euro-area sustainable bond markets, according to a new report by the Asian Development Bank (ADB).
Rosy signs in exports-imports, rising shipping fees, and new regulations on seaport services charges are believed to steer Vietnam's seaport and logistics sector through headwinds this year.
The State Bank of Vietnam (SBV)'s issuance of bills is not a signal of monetary policy reversal, but there is only limited room for the SBV to further loosen monetary policy, and this is not positive news for the stock market at the end of this year, analysts forecast.
HSBC Vietnam has forecast that the State Bank of Vietnam (SBV) will lower the policy interest rate by 50 basis points in the third quarter of 2023 before maintaining the rate throughout the year 2024.
Experts reported that the impact of the Fed’s rate hikes was minimal in Vietnam, and the value of the Vietnamese dong remained stable compared to the US dollar.
Major ASEAN economies should be able to survive volatile market swings in 2023 following similar turmoil last year thanks to the region's strong fundamentals, according to Singapore-based United Overseas Bank (UOB).
The global energy and food crisis, central banks’ interest rates hike to cope with inflation and the establishment of the COP27 “loss and damage” fund, were among the top 10 world economic events in 2022, as selected by the Vietnam News Agency (VNA).
On the stock market, domestic investors opened 96,427 new accounts in October, a slight decrease month-on-month, data from the Vietnam Securities Depository (VSD) showed.
Amid the US Federal Reserve (FED)’s continuous increases of interest rates to cope with inflation, the most important task for Vietnam now is to keep macro-economic stability, with monetary stability being the core, some economic experts have said.
As many major central banks tightened monetary policies to contain soaring inflation, the State Bank of Vietnam (SBV) on September 22 also decided to hike its benchmark interest rate by 100 basis points, effective September 23.
The COVID-19 pandemic has had a heavy impact on every aspect of life in 2020, and the global economy had been especially hard hit. The Vietnam News Agency has selected the ten most significant global economic issues during the year.
Bank Indonesia (BI) said on April 3 that it is in talks with the US Federal Reserve (Fed) about potential currency swaps, while also preparing bilateral swaps with the central banks of China and Australia.
