» The Interbank

Late on Tuesday, August 17, SBV announced it would drop the dong’s value against the US dollar rate by two percent. VietNamNet Bridge – Late on Tuesday, August 17, the State Bank of Vietnam (SBV) announced it would drop the dong’s value against the US dollar rate by two percent. The black market adjusted immediately.   US...

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Le Duc Thuy, Chair of the National Finance Supervision Council, commented that the credit growth rate of the whole banking system in the first six months was too low VnnNews – Le Duc Thuy, Chair of the National Finance Supervision Council, commented that the credit growth rate of the whole banking system in the first six months was too...

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Dr Tran Hoang Ngan asserted that it is necessary to speed up the process of lowering interest rates to help businesses adapt to world economic changes. VnnNews – Dr Tran Hoang Ngan, Deputy President of the HCM City Economics University and Member of the National Advisory Council for Finance and Monetary Policies asserted that it is necessary...

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Commercial banks are still paying high rates at 11.5 percent per annum for dong deposits, but bankers said interest rates will go down in several months. VnnNews – Commercial banks are still paying high rates at 11.5 percent per annum for dong deposits, but bankers said interest rates will go down in several months.   Deposit interest...

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VietNamNet Bridge – The State Bank of Vietnam (SBV) has announced that it will inspect some credit institutions.  SBV Governor Nguyen Van Giau has ordered inspections of the credit institutions with high proportions of borrowing on the interbank market. The interbank market is where banks borrow capital from each other to cover...

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