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The Greenback and the Yuan: A Tale of Continuous Rise
The State Bank of Vietnam has set the reference exchange rate at 24,572 VND per USD, a further increase of 22 VND compared to February 12th morning. With a +/- 5% fluctuation band, the ceiling and floor rates for the day are 25,801 VND and 23,343 VND, respectively.
The Central Bank’s Aggressive Reduction of Funds Through Bill Channels
In the week following the Lunar New Year celebrations (03-10/02/2025), the State Bank of Vietnam (SBV) reduced the issuance of treasury bills while ramping up lending through the channel of pledging valuable papers.
The Real Estate Stock Market Soars.
The morning rally stalled as the market turned mixed. However, the inflows remained robust, with a higher degree of selectivity. Real estate stocks took center stage, with several stocks witnessing strong gains and attracting significant capital inflows.
