Interbank market confidence index drops in September
Though the index remained just slightly above the neutral threshold of 50, banks were still relatively optimistic about economic growth and the management of the State Bank of Vietnam (SBV).
Deposit interest rate forecast to rise by 0.3-0.5 percentage points in H2
Deposit interest rate in the second half of this year might be adjusted up some 0.3 to 0.5 percentage points, experts forecast.
Interest rates remain at lowest levels
Though some banks increased their deposit interest rates early this month, it is not a common trend and the rate currently is still at the lowest level it has been in many years.
Banks cut interest rates from October
Many banks have cut deposit interest rates after the State Bank of Vietnam (SBV) lowered the ceiling levels of interest rates from October 1.
Central bank issues treasury bills for the first time in five months
Liquidity in the interbank market has been abundant, helping the State Bank of Vietnam (SBV) resume the issuance of treasury bills after five months to withdraw Vietnamese dong from the banking system.
Interbank interest rate sharply rises
The Vietnam dong’s interest rate on the interbank market exceeded 3 percent per annum for the first time over the past more than six months.