Banking & Finance

Vietnam's headline inflation averaged 5.6% year-on-year in the first quarter, but has been gradually decreasing since last December.

If the pandemic is contained within the first half of 2020, Vietnam's growth should rebound to 6.8% in 2021 and remain strong over the medium and long-term, according to ADB.

Prospects of foreign investment will dim in 2020, given the impact of the coronavirus outbreak on investment sentiment globally, and this will make it more difficult for Vietnamese banks to raise external capital.

Transaction activities in the stock market are considered essential services which must stay operational in all circumstances, stated the country’s stock market watchdog.

Analysts at MB Securities and Yuanta Securities reckoned Wednesday’s rally is a short-termed rebound.

With nearly US$83 billion of foreign exchange reserves, the State Bank of Vietnam has more than enough reserves to comfortably meet redemptions.

The government bond market decreased by 3.9% quarter-on-quarter in local currency terms to US$49.2 billion at the end of December 2019.

Vietnam's continued trade surplus helps strengthen its forex position.

A total of 15 securities services are set to become free or cheaper to support the stock market.

The improvement in disbursement rate in the first two months of 2020 was partly thanks to the effectiveness of the revised Public Investment Law since early 2020.

The State Bank of Vietnam is ready to sell foreign currency to ensure forex market stability if necessary.

Four transaction fees for derivatives market would be adjusted this week with immediate effect.

Vietnam continues to restructure the state budget and public debt management to ensure national financial security and sustainability .

Fitch Solution revised its forecast for Vietnam’s credit growth to come in at 11% in 2020, from 12.50% previously.

The cut is made to refinancing interest rate, discount interest rate, and interest rate applicable to overnight loans, starting effective from today.

With greater liquidity, investors would look for markets deemed safe with less negative impacts from the Covid-19 epidemic.

Local lenders are considering waiving interest rates of outstanding loans worth VND185 trillion (US$7.94 billion) for 34,350 customers.

Over 93% of enterprises in Vietnam would benefit from such a prolongation.

The positive signal during today’s trade was even the appearance of bottom-fishing demand that helped the VN-Index rebound from its intraday low

Vietnam’s government is scheduled to integrate an additional 15 – 20 public online procedures to the national public services portal on March 13, with a focus on e-payment services.