Tag: interbank rates
State Treasury raises US$3 bln worth of Government bonds in Q1
The Vietnam State Treasury (VST) raised a total of VND80.101 trillion (US$3 billion) worth of government bonds across 11 auctions in the first quarter, reaching 72.8% of its quarterly target and about 16% of the full-year issuance plan of VND500 trillion.
Overnight interbank rate hits nine-month record high
Overnight interest rate in the interbank market has surged to more than 4%, the highest level in the past nine months, data from the State Bank of Vietnam showed.
Higher funding costs to have limited impact on Vietnamese banks
The Vietnamese central bank’s move to lift short-term deposit rate caps is likely to raise the average cost of funds – both deposit and interbank rates – for Vietnamese commercial banks.
Central bank further cuts benchmark interest rate to aid economy
The State Bank of Vietnam (SBV) on September 30 announced its decision to lower the benchmark interest rate as part of efforts to support the national economy amid difficulties posed by the COVID-19 pandemic.