Pressure from housing prices on low-income earners
Rising housing prices and stagnant wages continue to put pressure on low-income earners hoping to secure their own home, though solutions have been forthcoming.
Monitoring of interest rates at banks needed
At a discussion session on October 28, many National Assembly (NA) deputies said it is necessary to adopt solutions to restore Vietnam’s corporate bond and securities markets as soon as possible, to ease the pressure on credit. In particular, the government needs to closely monitor interest rates at banks, so that sectors carrying out production and business can access credit at an appropriate cost.
Ample opportunity to control inflation
The price of many strategic materials under pressure from global uncertainties remains the greatest “unknown” that may “shake” the control of inflation over the second half of the year. According to analysts, however, there is still ample opportunity to keep inflation at below 4 per cent.
VDSC: VND to depreciate 2-2.5% this year
The Viet Dragon Securities Company (VDSC) believes the USD/VND exchange rate is under considerable short-term pressure to increase but this pressure will ease by the end of the year. It forecasts a 2-2.5 per cent depreciation for the year as a whole.
Residential housing under price pressure
According to Mr. Nguyen Van Dinh, Chairman of the Real Estate Brokers Association, public investment will be promoted this year and create a stronger driving force for economic development, to the benefit of the real estate market. Transaction numbers will grow, but prices for residential real estate will remain under pressure because of low supply, rising land prices, and inflation.