Macro update March 2023 - Stabilize macroeconomics ahead global uncertainty, policy highlights
03/04/2023

Summary

In March 2023, the world has witnessed the turmoil of banking sector with the collapse of 3 US banks (Silvergate Bank, Silicon Valley Bank-SVB, Signature Bank) and crisis at Credit Suisse, the second largest bank of Switzeland. However, the central banks hike interest rate despite of bank failures when inflation fight has not been over yet.

In Vietnam, macroeconomics remain stable, economic growth slowdown but key balances ensured and inflation controlled. The government has implemented a flexible and timely management policy to deal with global uncertainties, notably decision of interest rates cut and granting Degree No. 08/2023/NĐ-CP as a soft landing solution for corporate bonds, Resolution No. 33/NQ-CP to remove difficulties for the real estate market.

Category
Macro
Author
Ly Bui
Details

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