The State Bank of Vietnam said Monday that the total trading value of dong on the inter-bank market in the week ended Mar 18 fell 14.08% from the previous week to VND72.73 trillion while that of U.S. dollar was up 2.4% to US$1.567 billion.
The total overnight trading value was nearly VND26.884 trillion, accounting for 37% of the total trading turnover in the Vietnamese dong, while that of U.S. dollars was US$492 million, or 31% of the total turnover in the greenback.
The daily turnover of dong and U.S. dollar averaged at VND14.55 trillion and US$313 million a day last week, compared to VND16.93 trillion and US$305 million in the previous week, the central bank said in a statement posted on its website.
The average lending interest rate of the dong on the inter-bank market rose between 0.02 and 0.81 percentage points per annum on-week for almost all terms, excluding the two-week and one-month terms whose rates fell 0.29% and 0.17%, respectively.
Overnight interest rates ranged between 6.76% and 7.59% per annum and averaged at 7.24% last week, up 0.29 percentage point against the previous week. The highest lending rate was recorded at 12% per annum and the lowest at 5.5%.
Lending rates for terms of three and six months were high at 11.76% and 11.83%, respectively, while others stood between 8.4% and 11.27%
The lending interest rates for U.S. dollar loans with terms of overnight, one week, two weeks and 12 months were slightly down. The highest fall of 0.35% was for the 12-month term loans, followed by overnight loans with a decrease of 0.14%.
However, the U.S. dollar loans with terms of one month, three months and six months saw the rates up nearly 0.3 percentage points. Highest dollar lending rate was at 2.5% per annum for 12-month term while rates for other terms varied from 0.43% to 2.09%.
In a move to stabilize the domestic banking system, the central bank has announced that it will inspect credit institutions whose capital mobilizations in the inter-bank market have surpassed 20% of those from individual and corporate customers. (SBV)
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