Vietnam Reports Strong VND Trade in Inter-Bank Market
The State Bank of Vietnam, the country’s central bank, said Monday that the total value of dong and U.S. dollar trading value in the inter-bank market was VND71.98 trillion and $1.856 billion last week, averaging VND14.39 trillion and $371 million a day.
In the week ending Oct 30, the transactions in Vietnamese dong were up VND5.55 trillion from a week earlier, meanwhile the transactions in U.S. dollar dropped by $337.7 million, the central bank said in a statement posted on its website.
The average trading interest rate of the dong on the market tended to rise for all terms with the highest increase of 0.9% per annum for one-month term.
Average overnight interest rate was 7.66% per annum, up 0.41 percentage point from the previous week. The highest lending rate was recorded at 10.5% per annum last week and the lowest at 3.0%.
Meanwhile, the trading rate of US dollar still was in down trend, except for one- and two-week trading rate which slightly increased by 0.01% from the previous week.
The government’s General Statistics Office has estimated that Vietnam’s consumer price index (CPI) for Oct rose 0.37% from Sept and up 7.17% over the first ten months of this year. (SBV)
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