Central bank drains VND39 trillion from market this week
HCMC – Vietnam’s central bank net withdrew nearly VND39 trillion from the market and slashed interbank interest rates further as the banking system saw surplus liquidity due to slow credit growth. The State Bank of Vietnam (SBV) sold seven-day and 28-day government bonds worth a combined VND20
Interbank interest rates increase four-fold
HCMC – Overnight interbank interest rates on April 6 surged from 0.9% per year to nearly 4.5% per year, leading many experts to predict a further interest rate cut by the State Bank of Vietnam. After a decrease at the end of March, the interbank interest rate showed signs of increasing immediately
Interbank interest rates rise
HCMC – Vietnam’s interbank interest rates have edged up further due to the central bank’s net cash withdrawals from the banking system. The interbank rates for all tenors have risen, with the overnight rate increasing by 1.4 percentage points to 6%, according to a recent market report by SSI
Interbank interest rates surge
HCMC – Interbank interest rates surged last week as the State Bank of Vietnam (SBV), the country’s central bank, shifted from net cash injections to withdrawals from the banking system. February 2 saw the interbank rate for the 9-month term jumping to 13% per annum from the previous 9.61%, but the