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8M State budget revenue up 20%
Banking & Finance

8M State budget revenue up 20%

Total State budget revenue reached more than VND1.2 quadrillion ($51.3 billion) in the first eight months of this year, up 19.4 per cent year-on-year and representing 85.6 per cent of the annual estimate. State budget expenditure, meanwhile, stood at VND956.5 trillion ($40.89 billion), for a surplus of nearly VND252 trillion ($10.77 billion); the highest for many months.
Banking & Finance

Pressure being placed on lending rates

According to Viet Dragon Securities (VDSC), with lending rates on the rise, tightening credit space may push rates even higher in the second half of the year. The State Bank of Vietnam could adjust its credit growth target to make it more in line with actual needs, and credit growth for the year as a whole could reach 16 per cent.
Banking & Finance

August CPI up just 0.005%

The CPI in August increased just 0.005 per cent over July, 3.6 per cent compared to December 2021, and 2.89 per cent year-on-year. According to the General Statistics Office, increases are due to rising prices for essential consumer goods and services. Domestic gasoline prices have, however, been cut since July.
8M State budget revenue up 20%

8M State budget revenue up 20%

Total State budget revenue reached more than VND1.2 quadrillion ($51.3 billion) in the first eight months of this year, up 19.4 per cent year-on-year and representing 85.6 per cent of the annual estimate. State budget expenditure, meanwhile, stood at VND956.5 trillion ($40.89 billion), for a surplus of nearly VND252 trillion ($10.77 billion); the highest for many months.
Market liquidity up sharply

Market liquidity up sharply

The application of T+2 transactions to shorten the settlement time has helped market liquidity increase sharply. On August 29, when T+2 bonds were ready to be sold, liquidity on the three exchanges - HSX, HNX, and UpCOM - reached VND24.5 trillion, exceeding the threshold of $1.05 billion.
Real estate companies hesitant to issue corporate bonds

Real estate companies hesitant to issue corporate bonds

Bond issuances by real estate enterprises have been declining in recent times. According to the Vietnam Bond Market Association (VBMA), there were only eight individual corporate bond issuances in August, and only one was by a real estate company. One real estate enterprise issued bonds in July.
Pressure being placed on lending rates

Pressure being placed on lending rates

According to Viet Dragon Securities (VDSC), with lending rates on the rise, tightening credit space may push rates even higher in the second half of the year. The State Bank of Vietnam could adjust its credit growth target to make it more in line with actual needs, and credit growth for the year as a whole could reach 16 per cent.
August CPI up just 0.005%

August CPI up just 0.005%

The CPI in August increased just 0.005 per cent over July, 3.6 per cent compared to December 2021, and 2.89 per cent year-on-year. According to the General Statistics Office, increases are due to rising prices for essential consumer goods and services. Domestic gasoline prices have, however, been cut since July.
Credit limits no longer so pressing for banks

Credit limits no longer so pressing for banks

At a national conference on removing difficulties during the implementation of the 2 per cent interest rate support program, held on August 26, banks no longer proposed increasing the credit growth limit. Instead, difficulties raised this time mainly related to the identification of beneficiaries and lending conditions.

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