Vietnam intends to borrow a large amount of money
2024-2025, Vietnam plans to borrow about VND 1.25 million billion in the next two years. Of this, 750,000 billion dong must be borrowed to offset the central budget deficit, and about 465,800 billion dong is borrowed to pay the principal due to the central budget.
The Government directs to reduce at least 1.5-2% of lending interest rates
The Government has just issued Resolution 105/NQ-CP on tasks and solutions to remove difficulties for production and business, continue promoting reform of administrative procedures, and tightening discipline.
Forecast when Vietnam's economy bottoms out
Vietnam is performing better than most countries in the world. The representative of the International Monetary Fund (IMF) has made a forecast for Vietnam's economy, especially when growth returns to a stable trajectory and begins to recover.
Reducing VAT to stimulate domestic consumption
From now until the end of the year, value-added tax (VAT) will be reduced by 2% from 10% to 8% for many items. Reducing value-added tax will reduce the cost of goods and services, stimulating consumption demand, promoting production and business and creating more jobs for workers.
Closed real estate business increased by more than 40%
In the first 6 months of 2023, the number of real estate businesses withdrawing from the market had the highest increase among 17 sectors.
There have been several defaults on corporate bonds in Vietnam
According to the Asian Development Bank (ADB), several corporate bond defaults in Vietnam have occurred.
Banks of Vietnam massively buy back bonds
Many large commercial banks, both private and state-owned in Vietnam, are rushing to buy back bonds ahead of time and issue new bonds.
The insurance revenue of many Vietnamese banks dropped sharply.
Revenue from insurance in the first quarter of many Vietnam banks was only 50% of the same period in the same period, after many years of continuous high growth.
New securities group takes the market by storm
Along with the wave of young investors, the group of securities companies also received a "new wind" when financial technology companies (Fintech) entered the market of providing investment services.
A series of corporations have bad debts, trillions of dollars in losses.
According to the State Audit, corporations using state capital, such as Vinafood1, Vicem, and Satra Group... have large debts, investment losses of trillions of dongs, and financial insecurity.
Deposit interest rates have passed their heyday
Despite a further reduction of 0.2-0.4%, even a 1% reduction within just 1 month, bank deposit interest rates will decrease further in the coming time.
Multi-target monetary policy and interest rate reduction requirements of the SBV
Bank interest rates are gradually decreasing but are considered too slow compared to the recovery requirements of the economy. The evidence is that the number of businesses temporarily suspending operations in the first four months of the year continued to increase sharply, and imports and export
