The central bank likely will further cut interest rates in a near future, according to deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu.

Vietnam’s economy is well supported by its policy, but headwinds in the world’s financial market, with risks from the European and American financial systems, have caused concern.

Many banks reported negative results in securities trading and investment in 2022 due to the interest rate hike, the exchange rate uncertainty, the sharp decline of stock indices and the ‘freezing’ of the corporate bond market, cafef.vn reported.

VOV.VN - Vietnamese exporters are required to swiftly grasp information in order to adjust production activities in line with market conditions amid global high inflation, along with rising domestic exchange rates and interest rates, according to insiders.

VOV.VN - Ho Chi Minh City received approximately US$6.8 billion in remittances last year, marking only a slight decrease compared to 2021 and accounting for 48% of foreign currency deposits at its credit institutions.

Entering 2023, investors are choosing investment channels that bring in high profitability amid the current financial market where there are many unprecedented risks.

The inflationary pressure on Vietnam in 2023 may not be high, said experts at a conference in Hanoi on January 4.

VOV.VN - Inflation is currently being well controlled in Vietnam thanks to an active and flexible monetary policy, coupled with self-control in the supply of basic necessities in the country, according to foreign experts.

VOV.VN - The Vietnamese economy is expected to continue facing obstacles in the time ahead due to unfavourable factors locally and globally, the World Bank said in its November economic update released on November 16.

Amid the US Federal Reserve (FED)’s continuous increases of interest rates to cope with inflation, the most important task for Vietnam now is to keep macro-economic stability, with monetary stability being the core, some economic experts have said.