Investors are "bored" with stocks, and bank deposits set records; what is happening?
Besides the lack of new money entering the market, the VN-Index losing the important milestone of 1,100 points also significantly affected investor psychology, making trading gloomy.
Bank loans in low demand
Cash-starved businesses have refrained from accessing bank loans while others have even canceled their loan requests despite reduced interest rates Interest rates still high The food industry is performing better than labor-intensive sectors such as wood, apparel and footwear. Even though food is
Struggling to survive
As Vietnam’s apparel producers are grappling with excess inventory and declining orders, local manufacturers are having to move on in the face of financial constraints and weakening global demand. During an interview with The Saigon Times, Truong Van Cam, vice chairman and general secretary of the
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
Draft law seeks SBV’s early intervention in bank runs
HCMC – An early intervention by the State Bank of Vietnam, or SBV, should be needed when a bank run occurs, according to a draft of the amended Law on Credit Institutions. Nguyen Thi Hong, governor of the SBV, or the central bank, presented the draft at the National Assembly Standing Committee
Draft law allows interest-free lending to institutions facing bank runs
HCMC – The State Bank of Vietnam, or SBV, has sent a draft of the amended Law on Credit Institutions to the National Assembly, in which local banks could ask for interest-free loans if they face a bank run. The SBV, the central bank, said that Vietnam should draw lessons from the bank runs that […]
Forex rate vs interest rate
Forex rate and interest rate are two major macro variables in the economy, and they alongside inflation take center stage in monetary management. The correlation between the two variables was specially visible in 2022, with the State Bank of Vietnam (SBV) pivoting around each of them in its
PM asks SBV to lower loan interest rates
HCMC – Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV), the nation’s central bank, to slash interest rates, make loans more accessible and focus on lending to key economic sectors. This was done at the regular Government meeting held yesterday when PM Chim emphasized the
Which sectors are bound for breakthroughs?
Analysts and investors still expect certain industry groups will outperform the general market in 2023, based on their own stories and the varying degrees of impact from the economic context and the outlook for this year. However, it has been forecast by quite a few organizations that difficulties
Interest rates outlook
Interest rates rose sharply in the fourth quarter of 2022, leading the State Bank of Vietnam to intervene with aggressive measures. They edged down in the final days of last year. The interest rate trajectory in 2023 remains unpredictable, though. An upward spiral? The State Bank of Vietnam (SBV),
Tough screening procedures hinder soft-loan rollout
HCMC – Tough inspection and screening procedures have hindered the rollout of a financial aid package with an interest rate discount of two percentage points, the Ministry of Finance said. According to commercial banks, the package amounted to VND850,000 billion in 2022, targeting 750,000
Real interest rate too high
Lately, knock-on effects from the monetary tightening policy designed to fight inflation and maintain the forex rate, coupled with negative impacts from the corporate bond crisis (and the response to that crisis as well) have led to liquidity constraints, prompting banks to hike interest rates