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Current monetary policy quite suitable

Many people are concerned whether the country will face a tighter monetary policy and higher exchange and interest rates in the near future. 
MPI: Growth scenario in 2023 of about 6.5 percent

MPI: Growth scenario in 2023 of about 6.5 percent

Assessing that difficulties and advantages will be inextricably intertwined in 2023 but the difficulties will far overweigh the advantages. The Ministry of Planning and Investment decided on a growth scenario in 2023 of about 6.5 percent at the Government press conference on the afternoon of October 1.
Participants in the discussion

Banking industry investing VND15 trillion in digital transformation

The banking industry in Vietnam has initially poured VND15 trillion (US$631.2 million) into its digital transformation process, resulting in impressive achievements such as a 40-percent growth rate in a short time. This is the report in yesterday’s online formal discussion themed ‘Banking Industry as a Pioneer in Digital Transformation: for the Public to Participate and Benefit’.

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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. 
A transaction is being carried out in a bank

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.