Cash to flow into stocks, real estate on back of gold rally, low interest rates

Cash to flow into stocks, real estate on back of gold rally, low interest rates

While gold prices have been climbing sharply, deposit interest rates remain low, and the stock market has experienced recent corrections, so where should people put their money to make a profit? The Investor spoke with Pham Manh Hung, vice head of the Research Institute for Banking, under the Banking Academy of Vietnam, about this issue.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

VND/USD exchange rate expected to rise following Fed decision

VND/USD exchange rate expected to rise following Fed decision

The U.S. Federal Reserve’s (Fed) decision to keep interest rates unchanged has eased the USD price decline in Vietnam and some analysts expect it to increase again in the near future.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese stocks to benefit from Fed’s monetary easing: broker

Vietnamese stocks to benefit from Fed’s monetary easing: broker

Vietnam’s stock market will likely rally after the U.S. Federal Reserve (Fed) ceases its tightening cycle and loosens its monetary policy again, according to Yuanta Securities Vietnam (YSVN).

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam stock market to grow strongly in 2024: KIS Vietnam Securities

Vietnam stock market to grow strongly in 2024: KIS Vietnam Securities

The Vietnamese stock market will make a breakthrough in 2024 thanks to the recovery of the domestic macro economy and the positive influence of supportive policies from the government and the State Bank of Vietnam, said Truong Hien Phuong, senior director at broker KIS Vietnam Securities.

Banking & Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Massive cash injection in Vietnam as exchange rate pressure eases

Massive cash injection in Vietnam as exchange rate pressure eases

Vietnam’s central bank has pumped back a massive amount of cash into the economy as pressure on the USD/VND exchange rate has eased.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central bank may continue cash withdrawal to keep forex rate stable

Vietnam central bank may continue cash withdrawal to keep forex rate stable

The State Bank of Vietnam (SBV), the country’s central bank, is expected to continue withdrawing cash from the banking system through open market operations (OMO) in order to narrow the dong-dollar interest rate gap and keep the USD/VND rate stable, analysts have said.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

USD price hits another year-peak in Vietnam

USD price hits another year-peak in Vietnam

The State Bank of Vietnam (SBV) increased the central exchange rate to VND23,963 per U.S. dollar on Tuesday, pushing the rate to a new record high in the year to date.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s policy rate cuts are boosting stock prices

Vietnam’s policy rate cuts are boosting stock prices

VinaCapital’s chief economist Michael Kokalari highlights that the Vietnamese stock market is bouncing back due to more money coming in, with a sharp pick-up in earnings growth expected in 2024.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central bank expected to further cut rates in Q3: HSBC

Vietnam central bank expected to further cut rates in Q3: HSBC

The State Bank of Vietnam (SBV) is expected to deliver one more 50-basis point rate cut in the current easing cycle, sometime in this year’s third quarter, to further support the country’s growth, HSBC Vietnam said.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

VN-Index loses 9 points as Fed announces interest rate hike

VN-Index loses 9 points as Fed announces interest rate hike

Vietnam’s benchmark VN-Index went down 8.51 points, or 0.81%, to close at 1,040.61 on Thursday as investors exercised caution over the impact of the U.S Federal Reserve’s (Fed) interest rate hike.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s central bank likely to further cut rates: UOB

Vietnam’s central bank likely to further cut rates: UOB

While the SBV has shifted towards a more accommodative stance, it does not mean the start of a rate-cut cycle, at least not just yet. The central bank is likely to approach further rate cuts cautiously and deliberately. One area of focus for the SBV is clearly the domestic inflation trend.

Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7

Leading Vietnamese retail bank VIB assures loan security: chairman

Leading Vietnamese retail bank VIB assures loan security: chairman

Vietnam International Bank (VIB), one of the country’s major retail banks, provides secure loans despite domestic and global headwinds, and will beef up its charter capital to further drive its strong growth, chairman Dang Khac Vy said Wednesday.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam's central bank cuts policy rates for first time in 2 years

Vietnam's central bank cuts policy rates for first time in 2 years

The State Bank of Vietnam on Tuesday announced a 1 percentage point reduction on several policy interest rates to bolster the economy and aid businesses.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam interest rates likely to decline by year-end

Vietnam interest rates likely to decline by year-end

Interest rates in Vietnam are expected to decrease in late 2023 as the U.S. dollar price would fall and Vietnam's monetary policy moves towards supporting growth, according to Bao Viet Securities JSC.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Challenges still loom for Vietnam's monetary policy: central bank official

Challenges still loom for Vietnam's monetary policy: central bank official

Regulators in Vietnam will continue to face global economic headwinds in 2023, including challenges in running monetary policy, said a director of the State Bank of Vietnam.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam's 2023 economic expansion likely 5.8%: HSBC

Vietnam's 2023 economic expansion likely 5.8%: HSBC

Vietnam’s GDP growth would moderate to 5.8% in 2023 from 8.02% last year, given the external weakness and waning re-opening effects, HSBC said Thursday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central bank runs flexible monetary policy in 2022

Vietnam central bank runs flexible monetary policy in 2022

The State Bank of Vietnam has managed monetary policy in a flexible manner to curb inflation and stabilize the monetary and foreign exchange markets in 2022, a year of global fluctuations.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

US dollar falls on free market, increases at commercial banks

US dollar falls on free market, increases at commercial banks

The retail price of the U.S. dollar fell on the free market again, approaching VND24,000, but went up at commercial banks on Monday.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

US dollar plunges in Vietnam after new Fed signal

US dollar plunges in Vietnam after new Fed signal

The U.S. dollar sharply fell against the Vietnamese dong at commercial banks on Thursday after the Federal Reserve (Fed) consolidated the prospect to slow down interest rate hikes.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

FDI firm solution for Vietnam property developers: Savills

FDI firm solution for Vietnam property developers: Savills

Vietnam keeps luring foreign direct investment thanks to its bright economic outlook, making FDI a reliable capital source for local real estate developers, Savills Vietnam said Tuesday.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

US dollar at commercial banks hits price ceiling

US dollar at commercial banks hits price ceiling

Commercial banks in Vietnam have increased the U.S. dollar's selling price to VND24,885 - the upper limit set by the State Bank of Vietnam.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Central bank expands dollar trading band to 5%

Central bank expands dollar trading band to 5%

The State Bank of Vietnam widened Monday the USD/VND daily trading band to 5% from the previous 3%.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese stocks 'good to buy now'

Vietnamese stocks 'good to buy now'

Vietnam’s benchmark VN-Index has dropped by almost 30% so far this year but its stocks, with cheap valuations, remain attractive, according to foreign and domestic investment firms.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

UOB raises Vietnam GDP forecast to 8.2%

UOB raises Vietnam GDP forecast to 8.2%

Singapore’s United Overseas Bank (UOB) has revised up its 2022 growth forecast for Vietnam to 8.2% from the previous 7%, following the country’s nine-month economic expansion of 8.8% from a year earlier.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese dong weakens less against US dollar than other currencies

Vietnamese dong weakens less against US dollar than other currencies

The Vietnamese dong has so far this year fallen about 4% against the U.S. dollar, according to the State Bank of Vietnam, but the depreciation is smaller than popular currencies worldwide.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

US dollar surges to new peak after week of record highs

US dollar surges to new peak after week of record highs

The U.S. dollar has climbed higher after a week of continuous hikes, further exceeding VND24,000 at Vietnamese commercial banks.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

VN-Index plunges to 30-month low

VN-Index plunges to 30-month low

Vietnam’s benchmark VN-Index fell almost 12% in September compared with August, making it the exchange's biggest one-month drop in 30 months.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

US dollar scales record high peak of VND24,000

US dollar scales record high peak of VND24,000

The exchange rate at Vietnamese commercial banks crossed VND24,000 per dollar Thursday, reaching a new peak that it had not scaled before.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Fed rate hikes challenge Vietnam’s FDI attraction drive

Fed rate hikes challenge Vietnam’s FDI attraction drive

International institutions have lowered their global 2023 growth forecasts following the Fed’s interest rate hikes. Experts fear that investment flows worldwide would leave emerging markets for developed countries. The Investor talks with Professor Nguyen Mai, chairman of the Vietnam Association of Foreign-Invested Enterprises (VAFIE), about possible impacts on Vietnam.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

VN-Index plunges amid global downturn

VN-Index plunges amid global downturn

Vietnam’s benchmark VN-Index dropped Monday by nearly 30 points on massive selling driven by global market downturn and the State Bank of Vietnam’s deposit rate ceiling hike.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dollar up again after slight drop

Dollar up again after slight drop

The U.S. dollar at commercial banks has risen against the Vietnamese dong after a slight decrease late last week.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Deposit rates surge after central bank raises rate ceiling

Deposit rates surge after central bank raises rate ceiling

A slew of small- and medium-size commercial banks have hiked their deposit interest rates by 0.3-1 percentage points after the State Bank of Vietnam raised the deposit rate ceiling Friday.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam central bank raises deposit rate ceiling

Vietnam central bank raises deposit rate ceiling

The State Bank of Vietnam decided Thursday to raise the deposit rate ceiling, refinance rate and rediscount rate for the first time in two years.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam mulls policy rate hike amid surging U.S. inflation

Vietnam mulls policy rate hike amid surging U.S. inflation

Prime Minister Pham Minh Chinh asked the State Bank on Thursday to consider raising its policy interest rates and deposit rates, while steadying lending rates.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dollar posts another record high as central rate keeps rising

Dollar posts another record high as central rate keeps rising

The U.S. dollar at commercial banks has reached another all-time high against the Vietnamese dong after Vietnam increased its central rate to VND23,316 on Thursday.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7