The State Bank of Vietnam (SBV) continued on Tuesday pumping nearly VND2.4 trillion into the banking system via open market operations (OMO) after a VND3.5 trillion injection via a tender on Monday, according to local banks. The central bank maintained the interest rate at 8% per annum for the seven-day tenor on the open market. However, SBV from now to the end of this week has to withdraw over VND23... 

The average interest rate on the inter-bank market continued to decline in the first week of August, according to the State Bank of Vietnam. The average interest rates for transactions in dong decreased in terms of less than one month, three months and nine months or longer. Overnight, three-week and 9-month terms saw a decrease of 1.04, 1.16 and 1.75 percentage points per annum respectively. The... 

Even though interest rates on the inter-bank market fell considerably for all short terms of less than one month last week, showing signs of weaker capital demands among banks, lenders are still sitting on huge amounts of money. Due to poor capital demands for long terms, most of monetary transactions in the inter-bank market last Wednesday were short terms, from overnight to two weeks. Interest rates... 

Interest rates in the interbank market have dipped to the lowest levels in more than three years and local banks are facing excessive money supply on faltering credit demand. Overnight interbank rates on Wednesday hovered in the range of 3-4% a year for one night to one-week terms, easing against previous days. Meanwhile, the rates for terms of two weeks to one month fluctuated between 4% and 7%. Bank... 

The dong/dollar exchange rate stabilization in the last two months and the positive macroeconomic signs have both lured the foreign capital back to the stock market. It is expected that many foreign investments close funds are closing this year. Analysts once warned about the possible capital withdrawal wave, in which tens of trillions of dong would flow out of Vietnam. However, the analysts have... 

Four HCM City-based commercial banks borrowed 1475 billion dong from another bank, but they have been repeatedly asking for the delay of debt payment. Feeling worried about the insolvency, lenders now ask borrowers to show assets to mortgage for the loans – the thing which has never been seen on the interbank market. Asking for debt payment delay, paying debts in dribs and drabs According to the... 

Interest rates on the inter-bank market have shown signs of cooling down as a few banks have reported borrowing money from the market with lending rates lower than last month. According to the central bank, last Friday witnessed the overnight rate dropping to the lowest level of 13.8% per annum and the 12 month term rate of 15.99% annually as the highest. This level was down by 4.41 percentage points... 

The central State Bank of Vietnam has just recapitalized some six banks with between VND1 trillion to VND5 trillion each. At the same time, the central bank has injected VND17 trillion via open market operations (OMO) within the seven latest trading sessions from October 17 to 25. It was earlier predicted that the central bank will withdraw capital this week, but given the high demand for capital,... 

Last week was a “burning” week of the interbank market, when the overnight interest rate soared to 20 percent per annum, and the 1-week loans jumped to 23-24 percent per annum. Meanwhile, the highest deposit interest rate banks pay to depositors was 14 percent per annum only. The interest rate escalation on the interbank market has raised a worry that the financial market would not be “peaceful”... 

Commercial banks all have reported the sharp decreases in the volume of capital mobilized since September, when banks began applying the 14 percent ceiling interest rate mechanism. Experts have warned that the decrease in mobilized capital means higher liquidity risk, while the pressure on the foreign currency market has also appeared, sooner than expected, partially because of the gold price increases. Mobilized...