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Obstacles in disbursement of support package

The State Bank of Vietnam has announced adjustment of credit limit for 2022 for fifteen commercial banks by 1 percent to 4 percent, and at the same time requested banks to step up disbursement of the 2-percent interest rate support package as per Decree 31/2022/ND-CP. 
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Bonds maturity worry real estate businesses

From the end of this year onwards, real estate businesses will face a worrisome period due to cash flow shortages as corporate bonds will begin to mature. This will be in sharp contrast to the enthusiasm with which these businesses raced with each other to issue bonds in the years 2019 until 2021.
Apprehension of increase in interest rate

Apprehension of increase in interest rate

There is still some apprehension of a potential external risk when the US Federal Reserve (FED) increases the basic interest rate at a meeting to be held by 20 September. 
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Interbank interest rates expected to reduce, USD gain to slow down

The instability and negativities lately in the domestic interbank market like the 6.48-percent overnight interbank VND interest rate on September 7 has been attributed to three main reasons, according to Dinh Quang Hinh – Head of the Macroeconomics – Market Strategy of VNDIRECT Securities Co.

Reference exchange rate up VND18 on Sept. 6

Reference exchange rate up VND18 on Sept. 6

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at VND23,245 per dollar on September 6, up VND18 from the previous day.
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State Bank of Vietnam faces pressure on exchange rate

The State Bank of Vietnam is facing multiple pressures in 2022 in managing the foreign exchange rate, such as net withdrawal of hundreds of billions of dongs through the treasury bill channels, selling of foreign currency from reserves, and in adjusting the US dollar selling price.
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State Bank of Vietnam considering online loan facility

The State Bank of Vietnam has plans to offer e-lending facilities and has recently made amendments to a draft for Circular 39/2016/TT-NHNN for the supplementing of a number of articles in it. This will pave the way for commercial banks to compete with several booming online lending platforms in the market today. 
Roadmap needed to remove credit room

Roadmap needed to remove credit room

Central banks of countries such as Japan, China, Australia, Croatia and the Nordic countries have granted credit lines to their banks. However, as the banking system developed, this mechanism was dismantled.