SBV: Deposits at Vietnam Banks Up 1.62 per cent On Month in February
Deposits at banks in Vietnam estimated to rise 1.62 per cent on month in February and were up 0.44 per cent from end-December, the State Bank of Vietnam, the country's central bank, has said.
The deposits in the dong were up 0.23 per cent while the deposits in dollars surged 1.13 per cent in the period, and up 2.3 per cent on year, the SBV said.
The SBV said liquidity at banks is quite good now.
From February 26 to March 4, the banks raised rates of dong deposits slightly while reduced rates of dollar deposits after they saw demand for greenback was falling as imports sharply dropped.
Rates of dollar deposits of 3-month terms offered by commercial banks were 2.21 per cent/year while rates quoted by state-owned banks were lower at 2.04 per cent.
The SBV said local banks said to have loaned VND113.7 trillion as a results of the government’s 4 per cent interest rate subsidy over the past five weeks.
Under the decision by the prime minister, the Ministry of Finance is working on one-year dollar bonds issuance.
Vietnam was reportedly to have import US$7.72 billion worth goods in the first two month, down 43.1 per cent on year. (SBV, GSO)
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