3:06:03 PM | 25/11/2009
The State Bank of Vietnam (SBV), the country’s central bank, said on November 23 the total value of dong and U.S. dollar transactions on the inter-bank market was VND85.53 trillion and US$2.03 billion last week, up VND5.348 trillion and US$97 million from the previous week.
The overnight trading value accounted for 42% of total trading turnover in the Vietnamese dong, the central bank said in a statement.
The total trading turnover of dong and U.S. dollar averaged at VND17.106 trillion and US$405 million a day, up from VND16.036 trillion and US$385 million in the previous week.
Lending interest rate of the dong loans on the inter-bank market increased by 0.02%-0.3% for all terms except for two-week term loans which saw the rate down 0.59%. The highest lending rate was recorded at 10.5% per annum and the lowest at 1.8%.
Average overnight interest rate was 8.25% per annum, up 0.3% from the previous week. Lending rates for terms of between one week and one month were averaged at above 9% per annum while rate for those ranging from three months to one year was over 10.27%.
The trading rate of U.S. dollar was also in the uptrend for all terms, excluding two-week term whose lending rate slightly fell from the previous week. Highest average interest rate was at 3.6% per annum for six-month term, up 2.94%. Other terms carry rates of 1.03%-2.4%.
No U.S. dollar transaction for one-year term was reported last week.
Local commercial banks continued to raise their deposit interest rates in both dong and U.S. dollar and offered to buy/sell dollar at VND17,872-VND17,877 last week. (SBV)