The State Bank of Vietnam (SBV) on Jan. 7 announced that it is yet to have a policy to increase credit organisations’ compulsory reserve ratio.
The SBV made the announcement in response to several local and foreign news services’ publication of information saying: “ Vietnam considers raising credit organisations’ compulsory reserve ratio from 3 percent to 7 percent (for deposits in VND) to rein in inflation”.
“The information is incorrect,” the SBV said./.
The SBV made the announcement in response to several local and foreign news services’ publication of information saying: “ Vietnam considers raising credit organisations’ compulsory reserve ratio from 3 percent to 7 percent (for deposits in VND) to rein in inflation”.
“The information is incorrect,” the SBV said./.
