{"id":50403,"date":"2026-06-27T04:50:51","date_gmt":"2026-06-27T04:50:51","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr-asia\/uncategorized\/hsbc-%eb%ac%b4%ec%97%ad%ec%a0%81%ec%9e%90%ec%99%80-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%95%95%eb%a0%a5%ec%9d%b4-%eb%8f%99%ed%99%94-%eb%b0%8f-%ea%b8%88%eb%a6%ac%ec%97%90-%eb%b6%80\/"},"modified":"2026-06-27T04:50:51","modified_gmt":"2026-06-27T04:50:51","slug":"hsbc-%eb%ac%b4%ec%97%ad%ec%a0%81%ec%9e%90%ec%99%80-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%95%95%eb%a0%a5%ec%9d%b4-%eb%8f%99%ed%99%94-%eb%b0%8f-%ea%b8%88%eb%a6%ac%ec%97%90-%eb%b6%80","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/hsbc-%eb%ac%b4%ec%97%ad%ec%a0%81%ec%9e%90%ec%99%80-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%95%95%eb%a0%a5%ec%9d%b4-%eb%8f%99%ed%99%94-%eb%b0%8f-%ea%b8%88%eb%a6%ac%ec%97%90-%eb%b6%80\/","title":{"rendered":"HSBC, \ubb34\uc5ed\uc801\uc790\uc640 \uc778\ud50c\ub808\uc774\uc158 \uc555\ub825\uc774 \ub3d9\ud654 \ubc0f \uae08\ub9ac\uc5d0 \ubd80\ub2f4 \uc8fc\ub294 \uac00\uc6b4\ub370 \ubca0\ud2b8\ub0a8 \uc131\uc7a5 \ud0c4\ub825\uc131 \uc8fc\ubaa9"},"content":{"rendered":"

HSBC\ub294 \ubca0\ud2b8\ub0a8 \uacbd\uc81c\uac00 \ube60\ub974\uac8c \ud655\uc7a5\ud558\uace0 \uc788\ub2e4\uace0 \ud3c9\uac00\ud558\uba74\uc11c\ub3c4, \ub300\uc678 \ubc0f \ubb3c\uac00 \uc555\ub825\uc774 \ucee4\uc9c0\uace0 \uc788\ub2e4\uace0 \uc9c0\uc801\ud588\ub2e4. \uc131\uc7a5\ub960\uc740 \uc9c0\ub09c\ud574 8%\uc5d0\uc11c \ub454\ud654\ub410\uc9c0\ub9cc 2026\ub144 1\ubd84\uae30(1Q26)\uc5d0\ub3c4 \uc804\ub144 \ub3d9\uae30 \ub300\ube44 7.8%\ub97c \uae30\ub85d\ud588\ub2e4. \uc218\ucd9c\uc740 \uc804\uc790\uc81c\ud488\uc774 \uacac\uc778\ud558\uba70 \uc5f0\ucd08 \uc774\ud6c4 \ud3c9\uade0 \uae30\uc900 \uc804\ub144 \ub3d9\uae30 \ub300\ube44 \uc57d 20% \uc99d\uac00\ud588\ub2e4. \ub2e4\ub9cc \uc218\uc785\uc740 \uac19\uc740 \uae30\uc900\uc73c\ub85c 30% \uae09\uc99d\ud588\ub294\ub370, \uc81c\uc870\uc5c5\uc758 \ub192\uc740 \uc218\uc785 \uc758\uc874\ub3c4\ub97c \ubc18\uc601\ud558\ub294 \ub3d9\uc2dc\uc5d0 \ubb34\uc5ed\uc218\uc9c0\ub97c \uc545\ud654\uc2dc\ud0a4\ub294 \uc694\uc778\uc73c\ub85c \uc791\uc6a9\ud588\ub2e4.<\/p>\n

2025\ub144 12\uc6d4 \uc774\ud6c4 \ubca0\ud2b8\ub0a8\uc740 \ub9e4\uc6d4 \ubb34\uc5ed\uc801\uc790\ub97c \uae30\ub85d\ud588\uc73c\uba70, 5\uc6d4\uc5d0\ub294 \uc801\uc790 \ud3ed\uc774 \uc0ac\uc0c1 \ucd5c\ub300\uc778 52\uc5b5\ub2ec\ub7ec\ub85c \ud655\ub300\ub3fc \uacbd\uc0c1\uc218\uc9c0 \uc644\ucda9 \uc5ec\ub825\uc774 \ucd95\uc18c\ub410\ub2e4. \ubb3c\uac00\uc0c1\uc2b9\ub960\uc740 5\uc6d4 5.6%\ub85c \uc0c1\uc2b9\ud574 \ubca0\ud2b8\ub0a8 \uad6d\uac00\uc740\ud589(SBV)\uc758 \uc0c1\ud55c(4.5%)\uc744 3\uac1c\uc6d4 \uc5f0\uc18d \uc0c1\ud68c\ud588\ub2e4. \uc720\uac00(\ud718\ubc1c\uc720) \uc0c1\uc2b9\uacfc \uc2dd\ub8cc\ud488 \uac00\uaca9 \uc624\ub984\uc138\uac00 \uc8fc\uc694 \uc694\uc778\uc73c\ub85c \uc9c0\ubaa9\ub410\ub2e4. HSBC\ub294 \ub300\uc678\ud751\uc790 \uc804\ub9dd\uce58\ub97c \ub0ae\ucd94\ub294 \ud55c\ud3b8, 2026\ub144 \uc778\ud50c\ub808\uc774\uc158 \uc804\ub9dd\uce58\ub97c \uc0c1\ud5a5 \uc870\uc815\ud588\ub2e4.<\/p>\n

Monetary Policy Outlook and Currency Implications<\/h3>\n

5\uc6d4 \uc778\ud50c\ub808\uc774\uc158\uc774 5.6%\ub85c \uce58\uc19f\uc544 4.5% \uc0c1\ud55c\uc744 3\uac1c\uc6d4 \uc5f0\uc18d \ud06c\uac8c \uc6c3\ub3c4\ub294 \ub9cc\ud07c, \ubca0\ud2b8\ub0a8 \uad6d\uac00\uc740\ud589(SBV)\uc774 \ub300\uc751\uc5d0 \ub098\uc124 \uc218\ubc16\uc5d0 \uc5c6\uc744 \uac83\uc73c\ub85c \ubcf8\ub2e4. \uc8fc\uc694 \ub3d9\uc778\uc740 \uc720\uac00\ubfd0 \uc544\ub2c8\ub77c \uc2dd\ub8cc\ud488 \uac00\uaca9 \uc0c1\uc2b9\ub3c4 \ud3ec\ud568\ub3fc, \ubb3c\uac00 \uc555\ub825\uc774 \ub354 \uad11\ubc94\uc704\ud574\uc9c0\uace0 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \uc774\uc5d0 \ub530\ub77c \ud5a5\ud6c4 \uc218\uc8fc \ub0b4 \ud1b5\ud654\uc815\ucc45 \ub300\uc751, \ud2b9\ud788 \uae30\uc900\uae08\ub9ac \uc778\uc0c1\uc774 \uc0ac\uc2e4\uc0c1 \ubd88\uac00\ud53c\ud558\ub2e4\ub294 \ud310\ub2e8\uc774\ub2e4.<\/p>\n

\uc9c0\uc18d\ub418\ub294 \uc778\ud50c\ub808\uc774\uc158\uacfc 5\uc6d4 52\uc5b5\ub2ec\ub7ec\ub85c \uc0ac\uc0c1 \ucd5c\ub300\uce58\ub97c \uae30\ub85d\ud55c \ubb34\uc5ed\uc801\uc790 \ud655\ub300\uac00 \uacb9\uce58\uba70 \ubca0\ud2b8\ub0a8 \ub3d9(VND)\uc5d0\ub294 \uc0c1\ub2f9\ud55c \ud558\ubc29 \uc555\ub825\uc774 \uac00\ud574\uc9c0\uace0 \uc788\ub2e4. \uc5ed\uc678\ucc28\uc561\uacb0\uc81c\uc120\ubb3c\ud658(NDF)\uc744 \ud65c\uc6a9\ud55c \ub2ec\ub7ec\/\ub3d9(USD\/VND) \uac15\uc138(\ub871) \ud3ec\uc9c0\uc158 \uad6c\ucd95 \uae30\ud68c\uac00 \uba85\ud655\ud558\ub2e4\uace0 \ubcf8\ub2e4. \uacfc\uac70\uc5d0\ub3c4 \ubb34\uc5ed\uc218\uc9c0 \uc545\ud654\uc640 \uc778\ud50c\ub808\uc774\uc158 \uc0c1\uc2b9\uc758 \uacb0\ud569\uc740, \uace0\uc131\uc7a5 \uad6d\uba74\uc5d0\uc11c\ub3c4 \ud1b5\ud654\uac00\uce58 \ud558\ub77d(\uc808\ud558)\uc5d0 \uc55e\uc11c \ub098\ud0c0\ub098\ub294 \uacbd\uc6b0\uac00 \ub9ce\uc558\ub2e4.<\/p>\n

Implications for Interest Rates, Derivatives, and Equities<\/h3>\n

SBV\uc758 \uc815\ucc45 \uae34\ucd95 \uac00\ub2a5\uc131\uc774 \ub192\uc740 \ub9cc\ud07c, \ub2e8\uae30 \uae08\ub9ac\ub294 \uc0c1\uc2b9\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ud55c\ub2e4. \ud1b5\uacc4\ucd1d\uad6d \ucd5c\uc2e0 \uc790\ub8cc\uc5d0 \ub530\ub974\uba74 2026\ub144 5\uc6d4 \uc81c\uc870\uc5c5 PMI\ub294 51.2\ub85c \ud655\uc7a5 \uad6d\uba74\uc744 \uc720\uc9c0\ud588\uc73c\ub098, \ud22c\uc785\ube44\uc6a9 \ubb3c\uac00\uac00 \uac00\uc18d\ud654\ub3fc \uae08\ub9ac \uc778\uc0c1 \ub17c\ub9ac\ub97c \uac15\ud654\ud588\ub2e4. \ud30c\uc0dd\uc0c1\ud488 \ud22c\uc790\uc790\ub4e4\uc740 \uc608\uc0c1\ub418\ub294 \uc815\ucc45 \uc804\ud658\uc5d0 \ub300\uc751\ud574 \uae08\ub9ac\uc2a4\uc651\uc744 \ud1b5\ud574 \ud3ec\uc9c0\uc154\ub2dd\uc744 \uac80\ud1a0\ud560 \ud544\uc694\uac00 \uc788\ub2e4.<\/p>\n

GDP \uc131\uc7a5\ub960 7.8%\ub294 \ud1b5\uc0c1 \uc8fc\uc2dd\uc2dc\uc7a5\uc5d0 \uc6b0\ud638\uc801\uc774\uc9c0\ub9cc, \ucc28\uc785 \ube44\uc6a9 \uc0c1\uc2b9 \uc804\ub9dd\uc740 VN-\uc9c0\uc218\uc5d0 \ud070 \ubd80\ub2f4 \uc694\uc778\uc774\ub2e4. \uae00\ub85c\ubc8c \uc704\ud5d8\uc120\ud638\ub3c4\ub3c4 \ucde8\uc57d\ud574\uc9c0\uace0 \uc788\ub2e4. \uc9c0\uc18d\uc801\uc778 \uae00\ub85c\ubc8c \uc778\ud50c\ub808\uc774\uc158 \uc6b0\ub824 \uc18d\uc5d0 VIX \uc9c0\uc218\ub294 \ucd5c\uadfc 2\uc8fc \ub3d9\uc548 5% \uc0c1\uc2b9\ud588\ub2e4. \uc774\uc5d0 \ub530\ub77c \uae30\uc874 \uc8fc\uc2dd \ub871 \ud3ec\uc9c0\uc158\uc758 \ud5e4\uc9c0 \ub610\ub294 \uc608\uc0c1\ub418\ub294 \ubcc0\ub3d9\uc131 \ud655\ub300\uc5d0 \ub300\ud55c \uac70\ub798 \uc218\ub2e8\uc73c\ub85c \uc635\uc158\uc744 \ud65c\uc6a9\ud558\ub294 \uc804\ub7b5\uc774 \uc801\uc808\ud574 \ubcf4\uc778\ub2e4.<\/p>\n\n\n\n

\uc9c0\uae08 \ubc14\ub85c \uac70\ub798\ub97c \uc2dc\uc791\ud558\uc138\uc694 \u2014 VT Markets \uc2e4\uacc4\uc88c\ub97c \uac1c\uc124\ud558\ub824\uba74 \uc5ec\uae30<\/a>\ub97c \ud074\ub9ad\ud558\uc138\uc694.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"

\u201c\uace0\uc131\uc7a5 \ubca0\ud2b8\ub0a8, \uacbd\uace0\ub4f1 \ucf1c\uc84c\ub2e4?\u201d HSBC\ub294 \uc131\uc7a5 7.8%\uc5d0\ub3c4 \ubb34\uc5ed\uc801\uc790(5\uc6d4 52\uc5b5\ub2ec\ub7ec)\u00b7\ubb3c\uac00 5.6%\ub85c SBV \uae08\ub9ac\uc778\uc0c1 \ubd88\uac00\ud53c, VND \uc57d\uc138\u00b7\ud30c\uc0dd \ud5e4\uc9c0 \ud544\uc694 \uc9c4\ub2e8.<\/p>\n","protected":false},"author":87,"featured_media":50168,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-50403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/50403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=50403"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/50403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media\/50168"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=50403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=50403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=50403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}