31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Stable outlook expected for Vietnamese dong
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.
08:02, 2020/02/08
Vietnam stock market predicted to go sideways after strong performance in Sept
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.
10:02, 2020/02/06
Vietnam inflationary pressures predicted to remain weak in 2020 – 2021
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.
23:01, 2020/01/05
Vietnam credit growth could reach 9% by year-end: C.bank
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.
22:32, 2020/32/05
Vietnam c.bank’s latest policy rate cut to have limited impacts on economy
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.
11:19, 2020/19/01
Vietnam c.bank cuts policy rates, the fourth time in 2020
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%.
17:34, 2020/34/23
Vietnam, Israel accelerates negotiation for trade deal
Israel is Vietnam’s trusted partner in the Middle East, stated a Vietnamese central banker.
12:52, 2020/52/23
Cryptocurrency is not a legal payment method in Vietnam: C.bank
Holding, sale and use of cryptocurrencies as an asset pose numerous risks and are not protected by law, stated a central bank official.
15:48, 2020/48/22
Weak credit demand leads to credit growth at only 4.81% in Jan-Sept
The growth rate is far away from the credit growth target of 14% set by the government for this year.
11:20, 2020/20/18
Vietnam gov’t aims for 6.5% GDP growth in 2021
This year, Vietnam targets economic growth of 2% in normal conditions and 2.5% if favorable factors emerge.
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