ASEAN KEY DESTINATIONS
This move is to boost the economy after the State Bank of Viet Nam injected capital into the market to improve liquidity.
State owned banks are charging exporters, farmers and rural developers between 12-13.5 percent per year for both short and long-term loans.
Private banks charge between 12-14.5 per cent. The total trading volume on the inter-bank market was VND101.22 trillion ($5.19 billion) in Vietnamese dong and US$1.96 billion in US dollars, up 3.9 per cent and 1.8 per cent, respectively.
Most tradings in dong were made overnight and during the week. Overnight interest rates for the dong rose 0.08 per cent.
Average short term interest rates ranged from 6.78 per cent to 8.56 per cent per year.
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