The initial loss caused by the suspension of flights to and from China for Vietnam’s airlines could be up to VND10 trillion.
The State Bank of Vietnam (SBV) was recently invited to become a member of the Bank for International Settlements (BIS).
A looser monetary policy should be instituted to support economic growth in the wake of global volatilities, especially the outbreak of the novel coronavirus (nCoV), experts suggested.
When the State Bank of Vietnam (SBV) late last week slashed the dollar purchase price, the greenback prices quoted by commercial banks were adjusted immediately.
Analysts believe that the State Bank of Vietnam (SBV) should follow the move of other central banks to cut interest rates. This would help ease the burden on businesses.
VND9.103 trillion worth of listed corporate bonds were issued in the first quarter of 2019. Vietnamese enterprises are issuing bonds instead of borrowing money from banks when seeking long-term capital.
The State Bank of Vietnam (SBV) will hold its benchmark refinancing and discount rates at 6.25% and 4.25%, respectively, in addition to maintaining its 14% credit growth target for the remainder of 2019, experts forecast.