Vietnamplus

The COVID-19 pandemic has had a heavy impact on every aspect of life in 2020, and the global economy had been especially hard hit. The Vietnam News Agency has selected the ten most significant global economic issues during the year.

Bank Indonesia (BI) said on April 3 that it is in talks with the US Federal Reserve (Fed) about potential currency swaps, while also preparing bilateral swaps with the central banks of China and Australia.

Following a global trend of share buybacks, many Vietnamese businesses are now repurchasing their own stocks to stablise prices.

Indonesia’s central bank (BI) slashed interest rates on September 19 for the third month in a row as Southeast Asia's biggest economy is affected by the US-China trade war and slow global growth.

Vietnam’s fiscal deficit, including principal repayments, would come in at 6.6 percent of GDP this year and next year, up from 5.9 percent in 2018, Fitch Solutions Macro Research forecast.

The Vietnamese stock market suffered during the week from July 29 to August 2 after having rallied for four consecutive weeks amid negative news from the international markets.

The US Federal Reserve (Fed)’s latest rate cut will benefit commodity and equity markets in the short term, according to specialist Nguyen Tri Hieu.

Prices of gold, real estate and stocks would be pushed up by the US Fed’s decision to reduce interest rates, a move that tends to make the US dollar lose value against other foreign currencies.

Indonesia has cut interest rates for the first time in nearly two years as Southeast Asia’s largest economy seeks to boost economic growth.

Vietnamese banks are stepping up plans to expand their markets globally instead of focusing only on the Indochinese region.

As many as 88 percent of credit institutions expected their business performance will keep improving in 2019, of which 35 percent anticipated ‘significant improvement’.

The yield of Government bonds (G-bond) has continued to decline and hit seven-month lows as the US Federal Reserve (Fed) seems unlikely to hike interest rates and the domestic monetary market has shown positive movements.

Member states of the Association of Southeast Asian Nations (ASEAN) should prioritise progress on regional initiatives to cope with major economic headwinds in the context of increasing US-China trade tensions, according to eastasiaforum.org.

The stock market begins the year 2019 with hopes for growth based on the firm foundation created in 2018 amid good indicators of the national economy.

2018 is considered a successful year in controlling inflation as the average consumer price index (CPI) rises by 3.54 percent from 2017 and 2.98 percent from last December, meeting the CPI growth target of under 4 percent.

The Vietnamese monetary market will not suffer from any significant impact from the US Federal Reserve (FED)’s fourth interest rate hike in 2018 as the move was already expected, experts have said.

The US Federal Reserve (Fed)’s third interest rate hike this week would not affect Vietnam’s economy significantly as the move was foreseeable, according to experts.

The State Bank of Vietnam (SBV)’s recent response to the continuous rise of USD prices has demonstrated its readiness to make an intervention in order to stabilise the foreign exchange market.

The Association of Southeast Asian Nations (ASEAN) and China should strengthen their links in trade, investment and finance, a professor from the People’s University of China (PUC) has said.

The State Bank of Vietnam’s transaction centre this week raised the reference buying rate for the US dollar by 50 VND to 22,725 VND, revealing its intention to expand foreign reserves.