bond auctions get back on track

Bond auctions get back on track

‘One of the most important signals for the market is the comeback of foreign portfolio investors’
rock solid currency is key

Rock solid currency is key

Restoring confidence in its local currency is a key macro target for Vietnam.
market set for flood of greenback

Market set for flood of greenback

The supply of dollars on the local market is set for a sharp increase as the government makes a bid to further stabilise the forex market.
petro giant dramatically fuels dollar supplies

Petro giant dramatically fuels dollar supplies

PetroVietnam has turned the key to unlock the forex market and push it into the safety zone.
currency of change for banking system

Currency of change for banking system

The State Bank is battling what it views as one of the most dangerous problems facing the banking sector: dollarisation.
inflation threat lingers on the back of petrol price hike

Inflation threat lingers on the back of petrol price hike

Inflation threats loomed ever larger following yesterday’s petrol price hike.
strong hand is knocking forex market into shape

Strong hand is knocking forex market into shape

Vietnam’s love affair with the US dollar is waning following the government’s determined action to place the market under control.
further monetary tightening tipped to cure macro pains

Further monetary tightening tipped to cure macro pains

With headline inflation shooting up to a two-year high, further monetary tightening seems inevitable.
forex woes yet to be addressed

Forex woes yet to be addressed

The forex market is still waiting for further calming actions following the local currency’s depreciation.
deposit rates trigger dollarisation fears

Deposit rates trigger dollarisation fears

Local banks are hiking mobilising interest rates for dollar deposits as demand for dollar-denominated credit keeps rising, a trend which has given rise to fears of dollarisation.
short term vision for monetary tightening

Short-term vision for monetary tightening

“We now have to control inflation and high interest rates are needed. But, with interest rates this high, local enterprises cannot swallow [them]”
sharp action to carve out inflation response

Sharp action to carve out inflation response

Vietnamese authorities have taken a sharp policy U-turn to counter rising inflation.
remittances help to fortify foreign exchange levels

Remittances help to fortify foreign exchange levels

Vietnam has enjoyed a big surge in overseas remittances, on the back of a positive global economy, helping it secure forex levels.
iron hand set to help control dollar credit

Iron hand set to help control dollar credit

After requesting local lenders to submit outstanding dollar denominated loan reports, specific action is being taken to control possible risks.

Base rate’s holding pattern

With local lenders free to set lending rates, the base rate has almost been neglected, though it is still an official monetary signal.