SBV Governor Nguyen Van Giau says the institution also intends to increase its inspection of credit activities, stabilise the foreign exchange market, follow developments in the international balance of payments and intervene properly in the foreign exchange market.

The Governor says refutes rumours that the country runs short of foreign currency and says that those do not follow the law in the purchase of foreign currency will be penalized.

The bank will also cooperate closely with relevant ministries and branches to study operations on gold transaction floors.

He says that outstanding debts increased 20 percent in June and the State Bank will maintain the basic interest rate of 14 percent for deposits in VND in July and will continue to stabilise interest rates in coming months.