Under Nguyen Van Binh's watch, many officials had violated law and been punished for criminal charges.

While Vietnam is at risk of being listed as currency manipulator by the US, such a risk appears low, as the US will likely continue to reduce its dependence on Chinese exports by reorganizing its supply chain with other partners.

The price to earnings (P/E) of the benchmark VN-Index is not quite cheap to attract new inflows as it is 15.1x (as of 30 September) versus 14.5x – 15x in the pre-Covid time.

Vietnam’s inflation is set to remain below the government’s 4% threshold for most of the year with its average forecast at 3.5%. This should see the central bank keep lending conditions accommodative into 2021.

By the end of August, the credit growth was estimated at only 4.75%, but rose to 6.1% one month later, indicating improvements in enterprises’ access to credit.

The decrease in short-term deposit rates at commercial banks was mainly driven by the excess liquidity when credit growth was slow at only 5.12% year-on-year as of September 22.

The interest rate cap for deposits with maturities of one month to less than six months has been lowered to 4% annually from 4.25%.

Israel is Vietnam’s trusted partner in the Middle East, stated a Vietnamese central banker.

Holding, sale and use of cryptocurrencies as an asset pose numerous risks and are not protected by law, stated a central bank official.