The State Bank of Vietnam (SBV) has pumped more money into circulation after three weeks of consecutive net withdrawal. Overnight interest rates are high, while liquidity demand has increased on pre-Tet days.

With a high gross domestic product (GDP) growth rate, low inflation rate and stable exchange rate, Vietnam is a bright spot in the global economic picture.

State Bank of Vietnam has lifted caps on credit growth to boost credit to the economy as firms need bank loans to scale up production towards year-end.

About 15 commercial banks have just been allowed to expand their credit limit by 1 percent to 4 percent by the State Bank, but this time expansion has not satisfied the market's thirst for capital after a long wait.

The State Bank of Vietnam (SBV) has said it has adjusted the credit growth rate limits of some commercial banks in 2022. As usual, the adjustments were not made public.

Attending the recent patriotic emulation congress of the Ministry of Finance, Prime Minister Nguyen Xuan Phuc expressed satisfaction with the stricter fiscal policy after a prolonged period of expansion.

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Vietnam is committed to opening the financial market to foreign investors, particularly in financial services.

This time, Vietnam’s stock market responded differently compared to the previous two rate cuts with minimal impacts.

Asked about influence of the US-China trade war on their business performance, Vietnamese enterprises said they can see opportunities, but find it difficult to grab them.

Financiers from South Korea are taking over Vietnam’s securities firms at a breakneck pace, as part of their quest to gain ­access to the fast-growing ­financial market in the ­country.

On May 29 the State Bank of Viet Nam adjusted the dong-US dollar exchange rate, weakening the Vietnamese currency by VND9 to VND22,605 per dollar, which represented the greenback’s biggest rise so far this year.  

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 VietNamNet Bridge – Viet Nam’s gross domestic product (GDP) is expected to stay between 6 and 7 per cent from 2016 to 2018,

 VietNamNet Bridge – Domestic commercial banks are finding it hard to look for foreign strategic partners due to difficulties in the financial market and the current rules on foreign ownership limits.

 VietNamNet Bridge – The gold price has tumbled, the stock market is witnessing a drop in oil and gas share prices, and the US dollar continues to rise.

VietNamNet Bridge – Prime Minister Nguyen Tan Dung has approved a project to develop a State-controlled centralised derivatives market, which will begin operating in 2016 and follow international technical standards.