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VDSC: VND may depreciate 5% this year
Banking & Finance

VDSC: VND may depreciate 5% this year

Viet Dragon Securities (VDSC) has said that in the context of central banks in other countries not dealing resolutely with high inflation, the USD may return to its peak established in early 2022. This means that pressure will inevitably be on the VND/USD exchange rate, and the VND could depreciate 4-5 per cent this year. Notably, lending interest rates will also increase sharply in the near future.
Banking & Finance

SBV raises interest rates

The State Bank of Vietnam (SBV) has simultaneously increased the refinancing interest rate to 5 per cent per annum, the rediscount rate to 3.5 per cent per annum, the maximum interest rate for demand deposits and terms of less than one month to 0.5 per cent per annum, and term deposits from one month to less than six months to 5.0 per cent per annum. Rates on overnight loans in interbank electronic payments and loans from the SBV to cover capital shortfalls in clearing payments to credit institutions and foreign bank branches is 6.0 per cent per annum.
Banking & Finance

Stock market may struggle after operating interest rate increase

In an updated report, Dragon Capital said that in an environment of rising interest rates, expected returns in the stock market are unlikely to be outstanding. In the short term, the market will see many fluctuations depending on developments around the world. However, the influence of external factors on Vietnam is much lower than in emerging countries and is not systematic.
VDSC: VND may depreciate 5% this year

VDSC: VND may depreciate 5% this year

Viet Dragon Securities (VDSC) has said that in the context of central banks in other countries not dealing resolutely with high inflation, the USD may return to its peak established in early 2022. This means that pressure will inevitably be on the VND/USD exchange rate, and the VND could depreciate 4-5 per cent this year. Notably, lending interest rates will also increase sharply in the near future.
KBSV Securities: Stock market still in good shape

KBSV Securities: Stock market still in good shape

According to KBSV Securities, despite the ongoing decline, the VN-Index is still forecast to reach 1,330 points by the end of the year, with average EPS growth of 18.3 per cent forecast for companies listed on HSX.
MoF proposes cuts to oil and gasoline taxes

MoF proposes cuts to oil and gasoline taxes

The Ministry of Finance (MoF) issued Official Letter No. 9691/BTC-CST to ministries and branches on September 23, seeking opinions on a draft Resolution from the National Assembly on reducing the special consumption tax (SCT) on gasoline and VAT on oil and gasoline.
SBV raises interest rates

SBV raises interest rates

The State Bank of Vietnam (SBV) has simultaneously increased the refinancing interest rate to 5 per cent per annum, the rediscount rate to 3.5 per cent per annum, the maximum interest rate for demand deposits and terms of less than one month to 0.5 per cent per annum, and term deposits from one month to less than six months to 5.0 per cent per annum. Rates on overnight loans in interbank electronic payments and loans from the SBV to cover capital shortfalls in clearing payments to credit institutions and foreign bank branches is 6.0 per cent per annum.
Stock market may struggle after operating interest rate increase

Stock market may struggle after operating interest rate increase

In an updated report, Dragon Capital said that in an environment of rising interest rates, expected returns in the stock market are unlikely to be outstanding. In the short term, the market will see many fluctuations depending on developments around the world. However, the influence of external factors on Vietnam is much lower than in emerging countries and is not systematic.
Credit in economy up 10.47% this year

Credit in economy up 10.47% this year

At a press conference announcing results in the banking industry in the third quarter of 2022, Ms. Ha Thu Giang, Deputy Director of the Credit Department for Economic Sectors at the State Bank of Vietnam (SBV), said that as of September 16, credit in the economy had increased 10.47 per cent compared to the end of 2021 and 17.19 per cent year-on-year.

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