(Source: VNA) VNA
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.
(Source: VNA) Transactions via interbank e-payment systems reach 87.591 quadrillion VND
The daily average number of transactions reaches nearly 635,000 and the average transaction value reaches over 380,000 billion VND per day.
(Source: VNA) Related News
Abundant capital sources drive interbank interest rates down
The increasing inflow of remittances ahead of the Lunar New Year has replenished the liquidity of the banking system, thus resulting in a steep fall in the interbank interest rates in January, according to insiders.
Local commercial banks cut interbank transfer fees
Seventeen out of 45 commercial banks slashed the fees for interbank transfers of small sums worth less than 500,000 VND (21.5 USD) following the move of the National Payment Corporation of Vietnam (NAPAS) to cut switching fees with an aim to promote cashless payments.
Banks slash fees for interbank fund transfers
Thirty-seven commercial banks have confirmed the reduction of fees for fast interbank fund transfers following the move of the National Payment Corporation of Viet Nam (NAPAS) to halve the switching fees for local banks from March 25.
Agribank continues cuts to interbank transfer fees
The Vietnam Bank for Agriculture and Rural Development (Agribank) has announced it will continue to cut fees on all interbank transfers to support customers amid the COVID-19 pandemic.
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