standard poors rating downgrade

Standard & Poor’s rating downgrade

Standard & Poor’s has downgraded Vietnam’s local currency long term rating.
banks jump on bonds as liquidity improves

Banks jump on bonds as liquidity improves

High lending rates might be discouraging enterprises from borrowing, but improved liquidity has seen banks jumping on board the government bond band wagon.
sledgehammer falls on credit growth

Sledgehammer falls on credit growth

Credit expansion has slowed dramatically on the back of high market interest rates and the trend may persist for the rest of the year.
forex is still a hot potato to handle

Forex is still a hot potato to handle

Greater administrative measures are waiting in the wings to pull the forex market back into the safety zone.
bonds start to regain appeal

Bonds start to regain appeal

However, the more bond issuers lift their offered yields, the more successful the auctions will be
hot forex market cools its heels

Hot forex market cools its heels

Following tough State Bank measures, the forex market has further stabilised.
black forex market now seeing the light

Black forex market now seeing the light

Despite the unofficial forex market stabilising on the back of improved dollar supply, the authority is still moving to further rein in this market.
interest rates spiking growth limitation plans

Interest rates spiking growth limitation plans

The credit growth target set under 20 per cent for this year seems to be well within reach as the monetary tightening process continues to nail interest rates at a high level.

Lenders still wary of state bonds

Local banks have yet to regain their appetite for government bonds.
usd set to flood a parched market

USD set to flood a parched market

Following quasi-administrative measures, the stubborn forex market is to get a short, sharp shift.

Iron hand controls currency trades

Ha Trung street in Hanoi, coined gold and dollar street by local residents, where ordinary people normally came to trade gold and foreign currencies, suddenly became quiet last week.
vinashin pulling down banks

Vinashin pulling down banks

As foreign creditors wait to see how Vinashin will manage to return the first $60 million of its $600 million, credit rating agencies have expressed concerns over the banking market.

Forex reserve fears still stalk economy

Despite the recent local currency depreciation, forex reserves are again triggering exchange rate stabilisation concerns.
dong depreciation move

Dong depreciation move

The State Bank has finally made it move to depreciate the local currency, a pre-emptive measure rather than addressing specific matters.
rates set for status quo

Rates set for status quo

Market interest rates are in line for a period of stability. According to Tran Du Lich, a member of the National Financial and Monetary Policy Advisory Council, Vietnam’s expected consumer price (CPI) index for 2010 would rise around 8 per cent against December, 2009.