Banking and Finnace

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Banking and Finance

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Key rate retained at 8pct/yr (10/31/2010)

The State Bank of Vietnam (SBV) on October 27 issued a Decision No 2561/QD-NHNN on keeping the key interest rate of dong unchanged at 8 percent pa. The decision will take effect from November 1, 2010.

Dong interest rates in interbank market increase (10/20/2010)

In the week from October 8 - 14, the interest rates in dong in the interbank market increased in most of the terms, while interest rates in US dollar tended to decrease.

Interest rates may be pulled down gradually (10/6/2010)

The public in general are very much concerned since bank interest rates have not yet been lowered as directed by the government. The pressure to prepare the conditions for the implementation of Circular 13, which took effect from October 1, 2010 has put the capital and interest rate markets into more stressful situation, although the central bank has made some minor amendments.

SBV requires credit institutions to report foreign currency loans and investment (10/5/2010)

The State Bank of Vietnam (SBV) issued Document No.7493/NHNN-CSTT on October 4 to require credit institutions to make reports on foreign currency-denominated loans and investment.

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