tải bet88BVSC: 2021 credit growth at 13%

As Vietnam’s economy recovers, credit demand will increase and outstanding loans will rise sharply, according to a market data report from Bao Viet Securities Company (BVSC).

Short-term interbank interest rates, including tải bet88 overnight rate, one-week rate, two-week rate, and one-month rate, are lower than tải bet88 average this year and at their lowest level for two months.

tải bet88 State Bank of Vietnam (SBV) has not yet taken measures to pump in or withdrawcash flow through purchasing T-bills or conducting open market operations (OMO).tải bet88volume of OMO and bills in circulation remains at 0.

With these developments, tải bet88 banking system has tải bet88 finances to support tải bet88 recovery of tải bet88 economy as Covid-19 is gradually controlled. As of October 7, credit growth was 7.42 per cent. “We therefore forecast credit growth of around 13 per cent for all of 2021,” tải bet88 research team at BVSC emphasized.

Meanwhile, government bond interest rates are also down. As of tải bet88 end of last week, tải bet88 total winning volume in October was a relatively low VND10.7 trillion (9.71 million). With tải bet88 total issuance of government bonds expected to be VND135 trillion (.92 billion) in tải bet88 fourth quarter, issuance pressure will accumulate over tải bet88 final two months of tải bet88 year.

However, tải bet88 demand to buy government bonds will not see much in tải bet88 way of breakthroughs in tải bet88 context of a low yield environment. Credit is expected to recover at tải bet88 end of tải bet88 year and tải bet88 need to restructure tải bet88 government bond portfolio is not as high as at tải bet88 beginning of tải bet88 year. tải bet88 winning yield is expected to remain flat into tải bet88 near future.