To date, 35 credit institutions have announced support packages totaling 405 trillion VND (16 billion USD) to continue lending to businesses and individuals affected by storms and floods, Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong told a question-and-answer session at the 15th National Assembly’s eighth sitting on November 11.

Governor of the State Bank of Vietnam Nguyen Thi Hong has asked credit institutions to balance mobilisation capital and lending capital to ensure control of risk related to credit and liquidity.

According to Governor of the State Bank of Vietnam Nguyen Thi Hong, Vietnam dong stands out as one of the stable currencies in the region and the world, experiencing only a modest depreciation of around 2.9%.

Governor of the State Bank of Vietnam Nguyen Thi Hong has issued decisions on revising up several interest rates by 1%, starting from September 23.