It will be difficult for the State Bank of Vietnam (SBV) to further loosen monetary policy due to a rising USD/VNĐ exchange rate pressure, experts said.
With rising stock market returns and reduced corporate borrowing costs, SBV’s policy direction should positively impact business performance and stock market growth.
The PM stressed the need to prevent the exchange rate from affecting macroeconomy and inflation control, while requesting that the lending rates should be reduced by 1-2 per cent to stimulate production and trade. He set a target for credit growth...
According to experts, the Fed''s interest rate cut will support Việt Nam''s monetary policy management as the State Bank of Vietnam (SBV) may not be under pressure of dollar appreciation after the greenback weakens in the wake of the Fed''s...
Prime Minister Phạm Minh Chính chairs the meeting to implement monetary policy management tasks in 2024, which focuses on removing difficulties for production and business to promote growth and ensure macroeconomic stability.
The SBV last week raised the 2022 credit growth target for the domestic banking system by 1.5-2 percentage points from its previous target of 14 per cent, allowing commercial banks to pump an additional VND240 trillion into the economy.
A recent report from financial data service provider FiinGroup showed the channel for raising capital through domestic bonds is gloomy, but many domestic enterprises still succeeded in mobilising international loans. Specifically, ten deals announced recently had a total value of...
Real estate enterprises should actively find alternative funding sources such as foreign direct investment (FDI) capital flow to curb their capital shortage as popular capital mobilisation channels for the realty industry have been tightened.
After the SBV’s monetary policy decision to hike its benchmark interest rate by 100 basis points, many commercial banks also announced increases in deposit interest rates.
Vietnam News Agency spoke to Associate Professor Dr. Nguyen Thi Mui, a member of the National Advisory Council on Financial and Monetary Policies (NACFMP) about how their moves will affect the global economy, including Viet Nam.
Although the Vietnamese economy is expected to recover faster in the second half of 2022, various risks still lie ahead, adding uncertainty to the recovery.
Despite rising inflation pressure, the State Bank of Viet Nam (SBV) is likely to maintain a loose monetary policy at least for the next 3-6 months, analysts forecast.
The State Bank of Vietnam (SBV) will keep a proactive and flexible monetary policy based on market developments and forecasts for the macro-economy, SBV Deputy Governor Dao Minh Tu told a meeting on Thursday.