Business

Central Bank resumes net injection to ease liquidity pressure

The State Bank of Vietnam has resumed open market operations for the first time since Tet (Lunar New Year) to improve liquidity in the banking system.
Central Bank resumes net injection to ease liquidity pressure ảnh 1Illustrative photo (Source: VNA)

Hanoi (VNS/VNA) - The State Bank of Vietnam has resumed open marketoperations for the first time since Tet (Lunar New Year) to improve liquidityin the banking system.

A report from Saigon Securities Incorporation (SSI) showed it injected 31.5trillion VND (1.35 billion USD) into the market last week.

SSI analysts attributed the decline in liquidity at some banks to thewithdrawal of funds by the State Treasury to meet increasing public spendingneeds.

They said that banks reserve requirements increased in the last week of themonth as stipulated by the central bank.

Due to the decline in liquidity, interest rates in the inter-bank market hadsoared by 0.58-0.67 percentage points to 4.3 percent per year for overnightloans and 4.33 percent for both one-week and two-week loans.

This widened the Vietnamese dong-US dollar interest rate gap to 1.7-1.8 percentfor loans of one month and below.

But SSI said the developments of the past week would be temporary andinter-bank rates would cool down soon.

Some banks also increased deposit interest rates by 0.2-0.3 percentage pointsto 4.3-5.5 percent for one- to six-month deposits, 5.5-6 percent for six- to12-month deposits, and 6.4-8 percent for 12 and 13 months.-VNS/VNA
VNA
#Central Bank resumes net injection to ease liquidity pressure #State Bank of Vietnam #liquidity in Vietnam banking system #Saigon Securities Incorporation #inter-bank market #Vietnamese dong-US dollar interest rate #Vietnam News Agency #vietnamplus
Follow VietnamPlus

Related News

See more

Speakers at the conference (from left): AVPI Advisory Board Chair Dr Le Thu Huong, Australian Ambassador to Vietnam Gillian Bird, and Vietnamese Consul General in Sydney Nguyen Thanh Tung. (Photo: VNA)

Vietnam, Australia turn momentum into practical cooperation

Vietnam and Australia should focus on promoting two-way investment, expanding cooperation linked to APEC 2027 and making better use of people-to-people connections. Vietnam needs capital, skills, technology, infrastructure, and energy transition expertise - areas where Australia could offer valuable support.

The interface of the National E-Procurement System. (Photo: muasamcong.mpi.gov.vn)

Vietnam to move PPP bidding online from 2027

From January 1, 2027, PPP project proposals must be submitted through the National E-Procurement System. From September 1, 2027, investor selection for PPP projects tendered through open bidding will move fully online.

An automated robot-based production line at CAYI Technology Vietnam Co., Ltd. in Yen Phong II-C Industrial Park, Bac Ninh city (Photo: VNA)

EuroCham: Business Confidence Index in Vietnam remains high at 78.3 in Q3

The survey found that 64% of respondents described their current business conditions as good or very good, while 28% maintained a neutral or cautious outlook, reflecting a wait-and-see attitude as international demand remains flat and businesses look for policy momentum to translate into faster procedures and more predictable outcomes.

Workers manufacture handheld power tools at the Keystone Electrical Vietnam factory in Lien Ha Thai Industrial Park, Thai Thuy commune, Hung Yen province (Photo: VNA)

Vietnam seeks to turn FDI inflows into domestic value added

Vietnam is shifting its FDI attraction strategy from expanding investment volumes to prioritising capital inflows that brings technology, knowledge, modern management practices and stronger links with domestic businesses, particularly in semiconductors, artificial intelligence (AI), chips and renewable energy.

At Yadea Vietnam’s smart manufacturing plant in Tan Hung Industrial Park, Bac Ninh province (Photo: VNA)

Vietnam ties FDI incentives to local supplier commitments

Incentives will increasingly hinge on investors’ performance and commitments, not just on landing projects. Key commitments include transferring technology to Vietnamese firms, training workers, providing technical support and opening FDI supply chains to domestic companies.

Green SM has launched all-electric taxi service in the US. (Illustrative photo: VNA)

Green SM launches all-electric taxi service in US

The move brings Green SM into one of the world’s most dynamic and demanding markets. It also marks another step in the international expansion of the Vietnamese mobility brand, following its rapid growth across markets in Asia and Europe.

An overview of the meeting between IMF Managing Director Kristalina Georgieva and ASEAN Finance Ministers and Central Bank Governors (Photo: VNA)

Vietnam strengthens financial cooperation at IMF-World Bank annual meetings

The Vietnamese Governor underscored the complementary roles of global and regional financial cooperation mechanisms, including the Chiang Mai Initiative Multilateralisation (CMIM) and the ASEAN+3 Macroeconomic Research Office (AMRO). He also highlighted the importance of technical assistance in fintech, digital transformation, cybersecurity and risk management.

Representatives of the organising committee at the opening ceremony of the fair (Photo: VNA)

Vietnam-Cambodia trade expo promotes bilateral economic cooperation

The Vietnam-Cambodia Business Networking and Product Promotion Exposition has become a key trade promotion event, creating business and investment opportunities while strengthening mutual understanding and trust between the two countries’ armies, people and enterprises.