The money market is seeing the first signs of loosening though the State Bank of Việt Nam has yet to make a decision on reducing benchmark interest rates.
The State Bank of Việt Nam (SBV) has so far this year bought more than US$1 billion from commercial banks to build up the nation’s foreign currency reserves.
Liquidity in the banking system is getting tighter, causing interest rates on the inter-bank market to surge.
The State Treasury of Việt Nam has so far successfully mobilised VNĐ34 trillion (US$1.49 billion) via Government bond (G-bond) auctions.
The State Bank of Việt Nam (SBV) issued bills worth some VNĐ43 trillion (US$1.8 billion) in the past week to withdraw money from the banking system.
The State Bank of Việt Nam (SBV) has issued record high bills worth some VNĐ92.1 trillion (US$4.05 billion) until Monday to withdraw money from the banking system.
State Bank of Việt Nam (SBV) made a net cash injection of VNĐ13 trillion (US$572.9 million) into the economy in the past week to support the liquidity of commercial banks.
State Bank of Việt Nam (SBV) made a net cash injection of VNĐ18 trillion (US$792 million) into the economy in the past week.
Rising capital demand in the last few months of the year has put pressure on the liquidity of the banking system.