Từ khóa: #State Bank of Vietnam

On the afternoon of March 14, many investors were left startled when the State Bank of Vietnam decided to reduce the operating interest rate and the short-term lending interest rate of credit institutions.

According to some experts, commercial banks are holding 71 percent of corporate bonds issued by real estate companies.

The State Bank of Vietnam set the daily reference exchange rate at VND/US$23,620 on March 17, down VND2 from the previous day.

The State Bank of Vietnam – HCMC Branch yesterday sent a formal dispatch to all districts and Thu Duc City about strengthening supervision on foreign currency trading of businesses, especially gold trading ones, to detect illegal activities.

Since the beginning of March 2023, commercial banks have reduced deposit interest rates which have been contrary to forecasts made by many domestic and foreign investment organizations. 

Banks are maintaining a cautious approach in dealing with the current crisis in the real estate market.

Information relating to the loosening of credit room, and commitments from the Ho Chi Minh City (HCMC) People's Committee and other agencies on removing hurdles to transactions have led to experts' positive views on the future of the property market.

Prime Minister Pham Minh Chinh chaired a national online conference in Hanoi on February 17 that sought ways to remove obstacles to the domestic real estate market and give it a push to grow safely, healthily and sustainably.

The State Bank of Vietnam’s (SBV) Ho Chi Minh City (HCMC) branch will continue to prioritize credit for production and business, especially in priority sectors, to boost economic recovery.

The State Bank of Vietnam (SBV) has never issued any documents or statements ordering credit for real estate be tightened, Deputy Governor Dao Minh Tu said on February 8.

The State Bank of Vietnam set the daily reference exchange rate at VND/US$23,606 on February 3, down VND2 from the previous day.

The State Bank of Vietnam has issued new regulations on cases of purchasing, sending, and bringing foreign currencies abroad for sponsorship and assistance purposes of organizations.

The State Bank of Vietnam set the daily reference exchange rate at 23,609 VND/USD on January 31, down VND2 from the previous day.

VNDirect Securities Corporation expects Vietnamese foreign exchange reserves to recover to 3.3 months of imports and reach US$102 billion by the end of this year from the current level of US$89 billion last year, said in its updated macro report.

The real estate market had to face many difficulties in 2022 and still faces many challenges in the coming year. The Government and ministries have taken a firm decision to support all real estate enterprises in 2023.

After hitting a record low in 2022, Vietnam’s money supply (M2) will rebound in 2023 and become an important driver for the recovery of the stock market, KB Securities Vietnam (KBSV) forecast.

Businesses have for long faced a crunch of capital and difficulty in accessing credit from banks.

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has directed banks to continually reduce input costs with an aim to cut loan interest rates.

The move made by some commercial banks to reduce the lending interest rate, and the decision of the State Bank of Vietnam to increase credit by 1.5 percent to 2 percent has had a positive impact on manufacturing and export enterprises.

Vietnam could face many new challenges in 2023, although experts believe that despite adverse effects from the outside, the Vietnamese economy has remained rather resilient so far.