Domestic banking operations are stable, the State Bank of Vietnam (SBV) affirmed in a report on February 12.
Thecommercial banks showed good liquidity from January, with the interestrates for deposits in Vietnamese dong ranging from 1 to 1.2 percent peryear for terms of less than a month, 5 to 7 percent for one- tosix-month terms, 6.5 to 7.5 percent for six- to 12-month terms, and 7.5to 8.5 percent for terms over a year.
For US dollar deposits, thepopular interest rates were equivalent to the ceiling levels stipulatedby the central bank, hovering around 0.25 percent for institutionaldepositors and 1.25 percent for the public.
Low interest rates of7 to 9 percent were maintained for VND loans in prioritised sectors,including agriculture and rural areas, export, small- and medium-sizedenterprises, hi-tech firms and support industries.
In otherproduction and business areas, the rates were between 9 and 11.5 percentfor short-term loans, and 11.5 to 13 percent for medium- to long-termloans. Some businesses with healthy finances and efficient performanceenjoyed rates of 6.5 to 7 percent.
For USD loans, the short-term interest rates varied between 4 and 6 percent and long-term levels were between 6 and 7 percent.
Theforeign exchange market also saw stable developments from January, asthe market liquidity was good and the lending institutions were the netbuyers in foreign currency transactions with their customers, while theexchange rates tended to decline.
On February 13, thecommercial banks were buying a dollar for 21,090 VND and selling it at21,130 on average. The average inter-bank interest rate is 21,036 VNDper dollar, according to the SBV website.-VNA
Thecommercial banks showed good liquidity from January, with the interestrates for deposits in Vietnamese dong ranging from 1 to 1.2 percent peryear for terms of less than a month, 5 to 7 percent for one- tosix-month terms, 6.5 to 7.5 percent for six- to 12-month terms, and 7.5to 8.5 percent for terms over a year.
For US dollar deposits, thepopular interest rates were equivalent to the ceiling levels stipulatedby the central bank, hovering around 0.25 percent for institutionaldepositors and 1.25 percent for the public.
Low interest rates of7 to 9 percent were maintained for VND loans in prioritised sectors,including agriculture and rural areas, export, small- and medium-sizedenterprises, hi-tech firms and support industries.
In otherproduction and business areas, the rates were between 9 and 11.5 percentfor short-term loans, and 11.5 to 13 percent for medium- to long-termloans. Some businesses with healthy finances and efficient performanceenjoyed rates of 6.5 to 7 percent.
For USD loans, the short-term interest rates varied between 4 and 6 percent and long-term levels were between 6 and 7 percent.
Theforeign exchange market also saw stable developments from January, asthe market liquidity was good and the lending institutions were the netbuyers in foreign currency transactions with their customers, while theexchange rates tended to decline.
On February 13, thecommercial banks were buying a dollar for 21,090 VND and selling it at21,130 on average. The average inter-bank interest rate is 21,036 VNDper dollar, according to the SBV website.-VNA
