Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>  Daily News  >>  Vietnam News  >>   Capital Markets  >> Vietnam central bank injects new capital to boost liquidity
NEWS UPDATES 8 January 2010

Vietnam central bank injects new capital to boost liquidity

Related Stories
January 6, 2010
Vietnam: Central bank sees high risks in gold trading floors

December 29, 2009
Vietnam: Foreign banks in expansion drive

December 18, 2009
Vietnam: Exporters allowed to borrow dollar loans

The State Bank of Vietnam (SBV) pumped about 15 trillion dong (1$=18,475 dong) for banks via open market on Jan 6 whereby the lending rate amongst banks decreased strongly to 11 percent per year for one week term and the overnight lending rate at 8.5 percent/year, reported VNBusinessNews.com.

Previously, the interbank interest rate stood at 16-17 percent per year, even exceeding 20 percent per year.

According to specialists, if the central bank continues supporting open market, it will help reduce pressure on liquidity for banks and the economy hereby banks will have more capital for lending.

The aim is to bring the interbank interest rate to be equal to the refinancing rate at around 9 percent per year.

 



 

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below 

Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com