2022 is a year to forget for many. However, by the last month of the year, some signals make us relatively optimistic about the economic situation of 2023:
1. Petrol prices fell sharply. Today, gasoline prices continued to plummet, to 20K-21K/liter, down 40% from the record high in June. World gasoline prices also fell similarly. Falling oil prices lead to much lower inflation risks.
2. More open monetary policy. From May to November, the State Bank controlled the currency extremely tightly due to the fear of inflation, which led to difficult borrowing and high interest rates. Due to low inflation risks as mentioned above, it is highly likely that in the coming time monetary policies will be more open, leading to more abundant credit and lower interest rates.
3. Room credit multiple. 6/12/2022 The SBV has increased the credit room by 1.5-2%, so from now until the end of the year, the credit room will be 400 trillion dong, too much. The possibility that the unused room will be moved to 2023. The State Bank always claims to keep the room in 2022 at 14%, however, the recent increase in room up to 16% shows courage and confidence in controlling inflation.
4. The USD/VND exchange rate has stabilized again, from nearly 25K/USD to 23.5K. This leads the SBV to confidently launch VND to buy USD, leading to an abundant supply of VND. In recent months, the State Bank has had to sell 21 billion USD, earning VND, reducing the source of money in circulation.
5. China has removed the zero covid policy, Vietnam has started to resume flights with China, border gates are also preparing facilities to welcome Chinese tourists. Returning Chinese tourists to Vietnam will blow a new wind into the tourism and resort real estate industry. Some localities benefit greatly: Ha Long, Nha Trang, Da Nang, Mui Ne… Before the 2019 epidemic, there were 5.8 million Chinese tourists coming to Vietnam, bringing the economy 4-6 billion USD.
Despite many difficulties and risks: the world economy is still unstable, bank interest rates are still high (although falling), the channel of capital mobilization through bonds is still struggling, however, the The above mentioned can be the driving force for the Vietnamese economy as well as the real estate market to develop again in the near future.
- About us
- For Sale
- For Rent
- For Service
- Market news