Vietnam Market Weekly Report

Interbank overnight lending rate surged to 13% on June 30, the highest since late March, reflecting tight liquidity.

Interbank overnight lending rate surged to 13% on June 30, the highest since late March, reflecting tight liquidity. The State Bank of Vietnam injected VND 14.6 trillion via open market operations to support the system.

VPBank successfully raised a $1.44 billion sustainability-linked syndicated loan from 15 international financial institutions, with a 3-year term, marking the bank's largest international fundraising deal.

The government is studying raising the limit on State Treasury deposits at commercial banks from 50% to potentially over 50% of idle state funds, aiming to boost banking system liquidity and support 2026 economic growth of 10% or more.

The State Bank of Vietnam raised the cap on short-term funds used for medium/long-term loans from 30% to 40% effective July 1, potentially unlocking 1 quadrillion VND in credit, benefiting mid-sized banks and sectors like real estate and infrastructure.

The State Bank of Vietnam exempts credit room for loans to 18 projects by Vingroup, Masterise, and Sun Group, aiming to boost economic growth and support national key projects.

Credit growth reached 7.41% as of June 26, with total outstanding loans at 19.97 million billion VND.

Credit growth reached 7.41% as of June 26, with total outstanding loans at 19.97 million billion VND. The State Bank of Vietnam targets 15% credit growth for the year, while the government considers raising the deposit ratio of the State Treasury at commercial banks to support liquidity.

The Vietnamese government extends zero import duty, environmental tax, and VAT on petroleum until September 30, while resuming special consumption tax on gasoline from July 1, aiming to curb inflation and stabilize energy supply amid geopolitical risks.

Vietnam's Q2 GDP grew 8.39% year-on-year, with first-half GDP up 8.18%, driven by strong industrial and service sectors.

The State Securities Commission fined Loc Troi Group, Viet My A&V, Top One Distribution, and Viet Thanh Securities for disclosure violations and trading rule breaches, with fines totaling over 545 million VND.

Phat Dat Real Estate Development (PDR) secured a loan of up to 8,835 billion VND from MB Bank to acquire a 35% stake in the Lotte Eco Smart City mega-project in Thu Thiem, with total investment of about 60,000 billion VND.