One-week term transactions in Vietnamese dong dominated the interbankmarket during the first week of December, while the lending rate wasdown 0.49 percentage points against November to 3.26 percent.
According to the central bank's weekly report released on December 12,total value of the week transactions in dong was 93.96 trillion VND(4.4 billion USD) and the value in US dollar transaction was about 2.8billion USD.
One-week term transaction in the dongaccounted for 33 percent of the total value, followed by overnight term32 percent and two-week term 15 percent respectively.
Corresponding interest was up to 0.54 percentage points lower than previous week to 2.56-3.62 percent.
In the commercial market, lending interest rates were reported to haveremained stable through the first week. For dong loans, privilegedinterest rates ranged from 7 percent to 9 percent per annum, whilecommon lending rate were 9-11.5 percent per year.
Dollar loans were charged about 4-7 percent per year.
The State Bank of Vietnam also warned that credit institutionsoffering loans at lower interest rates than deposit rates should beinvestigated.
Interest rates for dong deposits werereported to remain around 7.5-8.5 percent yearly for more than 12 monthterms; 6.5-7.5 percent for six to 12 months, and 5-7 percent for one tosix- month terms.-VNA
According to the central bank's weekly report released on December 12,total value of the week transactions in dong was 93.96 trillion VND(4.4 billion USD) and the value in US dollar transaction was about 2.8billion USD.
One-week term transaction in the dongaccounted for 33 percent of the total value, followed by overnight term32 percent and two-week term 15 percent respectively.
Corresponding interest was up to 0.54 percentage points lower than previous week to 2.56-3.62 percent.
In the commercial market, lending interest rates were reported to haveremained stable through the first week. For dong loans, privilegedinterest rates ranged from 7 percent to 9 percent per annum, whilecommon lending rate were 9-11.5 percent per year.
Dollar loans were charged about 4-7 percent per year.
The State Bank of Vietnam also warned that credit institutionsoffering loans at lower interest rates than deposit rates should beinvestigated.
Interest rates for dong deposits werereported to remain around 7.5-8.5 percent yearly for more than 12 monthterms; 6.5-7.5 percent for six to 12 months, and 5-7 percent for one tosix- month terms.-VNA
