The improvement of global investment sentiment and financial conditions has provided a much-needed lift for local currency bond markets in emerging East Asia, including Vietnam, despite risks from the COVID-19 pandemic, according to the latest issue of the Asian Development Bank’s (ADB) Asia Bond Monitor.
Thailand's economic recovery is expected to take longer than previously anticipated, mainly due to the drastic decline in foreign tourist numbers, says the Bank of Thailand (BoT).
The COVID-19 pandemic is weighing on the banking system’s non-performing loans (NPLs), requiring significant efforts to keep NPLs ratio below 3percent by the end of this year as targeted by the Government.
Prime Minister Nguyen Xuan Phuc has urged Government members to find substantial economic stimulus measures to achieve the highest possible economic growth rate this year.
The Ministry of Labour, War Valids and Social Affairs (MoLISA) has proposed a 18.6 trillion VND (798 million USD) package for those affected by the COVID-19 pandemic, helping them promote production and maintain employment.
Though the COVID-19 pandemic may linger into the end of 2020, the property market will bounce back soon and develop strongly in 2021 and 2022 thanks to the Government’s resolve and timely action, according to Savills Vietnam Managing Director Neil MacGregor.
ANZ Research predicts that the Philippine economy will fall 9.2 percent in the second half of 2020 as the economy is likely to book a double-digit contraction in the third quarter due to the coronavirus pandemic.
The Bank of Thailand (BoT) last week decided to keep key interest rate unchanged at a record low for a second straight meeting, as widely expected, on signs of improvement in the economy after the easing of measures to contain the coronavirus outbreak.
The State Securities Commission was established on November 28, 1996 in line with Decree No. 75/1996/ND-CP of the Government. The Ho Chi Minh City Securities Trading Centre was formed in accordance with a decision dated July 11, 1998.
Vietnamese authorities are working to resume international flights in an attempt to help the aviation industry get a good recovery from the COVID-19 pandemic, which has clobbered the sector from the outset of the year.
Thailand’s financial system has become more vulnerable due to the more-than-expected contraction of the country’s economic outlook due to impacts caused by the COVID-19 pandemic, according to the Bank of Thailand (BoT).
As of June 29, banks in HCM City had slashed interest rates, extended debt repayment deadlines, and maintained debt classifications for businesses hurt by the COVID-19 on the total loans worth more than 384.6 trillion VND (16.53 billion USD).
The Bank of Thailand (BOT) has reduced its economic outlook to a contraction of 8.1 percent this year, deeper than the 1997 financial crisis, but kept the policy rate on hold at 0.5 percent, according to local media.
The Bank of Thailand (BoT) is expected to leave its key interest rate unchanged at a record low after easing monetary policy three times this year to help mitigate the economic damage from the COVID-19 pandemic, a Reuters poll showed.
In its latest update released on June 3, the World Bank (WB) said Vietnam’s economy has gradually bounced back since social distancing measures were eased.
The Kasikorn Research Centre (K-Research) has revised down its economic projection for Thailand to minus 6 percent from the previous minus 5 percent amid a highly uncertain global economy.
The local consumer price index (CPI) fell to the lowest level in five years this month, but for the first five months of the year, the CPI still peaked due to rising pork prices.
The Monetary Policy Committee (MPC) under the Bank of Thailand (BoT) on May 20 cut its policy rate by 25 basis points to a record low of 0.5 percent, to help soften the economic impact of the pandemic and social distancing measures.
The State Bank of Vietnam (SBV)’s interest rate cut is a positive sign for the market and economy, especially for businesses with loans, according to experts.
Interest rate cuts by the State Bank of Vietnam (SBV) and cost savings among credit institutions will pave the way for sustainable lending rate reductions, thus easing difficulties faced by businesses.
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