Experts say Việt Nam has many weapons in its armoury to stabilise exchange rates.
A question being asked by many experts now is why banks are joining a race to increase deposit interest rates though there is no ostensible liquidity shortage.
Techcombank posted a record pre-tax profit of more than VNĐ10.6 trillion (around US$457 million) in 2018, representing a 31 per cent year-on-year increase.
Some commercial banks have continued to reduce the interest rate for short-term deposits by 0.1 to 0.3 percentage points in the past week thanks to good liquidity.
Moody's Investors Service on Friday affirmed major ratings for two Vietnamese banks, BIDV and Martitime Bank.