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Tag Archive for ‘Interbank’

Vietnam Central Bank Net Withdraws VND4.95Tln via OMO in Week Ending Nov 9

The State Bank of Vietnam (SBV) net withdrew VND4.95 trillion through open market operations (OMO) in the week ending Nov 9 after it pumped VND1.869 trillion and withdrew VND6.819 trillion, the BaoViet Securities Company (BVSC) said. The monetary authority also sold VND7.5 trillion worth of T-bills under 56- and 91-day maturities during the week, up VND6.164 trillion one week earlier. Fixing for 56-day T-bills rose 0.1% to 6% while that for 91-day debts remained flat at 6.8%. The average interbank rate fell to 2.75% p.a. for overnight; 3-3.25% for 1-week; 3.5-4.75% for 2-week and 5.4-6% for 1 month terms during…

Interest Rates Are Now Back to 2007’s Level, Says Vietnam Central Bank

The average deposit as well as lending interest rates have dropped to roughly 2007’s levels [before the global economic crisis], the local online newspaper TTVN.vn reported, citing data from the central bank. Specifically, deposit rates have decreased by 3-5% p.a while lending rates fell by 5-8% p.a. from the beginning of 2012. Lending rates were […]

Vietnam Bank Dividend Season Bleak

Banking sector has always paid relatively high dividend, but this year, the dividend ratio may fall strongly due to low profit, and even maybe shareholders of commercial banks will not get dividend. Profit is used to tackle bad debts. In previous year, by this time, many commercial banks had announced to advance dividend for the […]

Vietnam Interbank Trading Dong +8%, Dollar -22% in Week Ending Nov 2

The total interbank trading value of the dong soared 8% to VND54.212 trillion in the week ending Nov 2 from VND50.147 trillion a week earlier while that of the dollar slipped 22% to VND48.348 trillion from VND62.02 trillion, said the State Bank of Vietnam (SBV). Transactions in the interbank market were mostly for short terms. Specifically, trading value of the dong for short-terms…

Vietnam Central Bank Issues VND3.2Tln T-bills on Nov 7; Interbank Rates Fall

The State Bank of Vietnam (SBV) sold VND3.2 trillion worth of Treasury bills to withdraw liquidity from commercial banks through open market operations (OMO) on Nov 7, the local newswire VnEconomy.vn reported, citing Reuters’ data. Specifically, the central bank issued VND2 trillion 56-day bills at 5.9%; and VND1.2 billion 91-day securities at 6.8%…

SBV pumps more than 6.8tr dong on OMO last week: BVSC

As per the weekly bond report from October 29 to November 2 of Bao Viet Securities Co (BVSC), after seven weeks in a row of net withdrawal on open market operations (OMO), the State Bank of Vietnam (SBV) switched to net injection with a volume of 3.915 trillion dong. The net injection was made mainly […]

Vietnam Central Bank Net Injects VND4Tln Last Week: BVSC

The State Bank of Vietnam (SBV) net pumped VND3.915 trillion through open market operations (OMO) in the week ending Nov 2 after it pumped VND6.819 trillion and withdrew VND2.904 trillion, the Bao Viet Securities Company (BVSC) said. The net injection last week also ended the streak of eight consecutive weeks of monetary withdrawal on OMO. The monetary authority also sold VND1.338 trillion worth of T-bills for 91-day maturity during the week. Last Friday alone, the central bank net pumped VND4.975 trillion via OMO, marking the biggest monetary injection since August 22, when the SBV had to pump up to VND13.025 trillion…

Vietnam 5-Year Bonds Fall as Interbank Rate Climbs; Dong Steady

Vietnam’s five-year bonds fell for a second day on speculation banks will pare holdings to replenish cash as money-market rates rose to the highest level in more than a week. The dong was steady. The overnight interbank deposit rate rose 25 basis points to 2.75 percent after the chairman of Saigon Thuong Tin Commercial Joint Stock Bank (STB), the country’s fourth-largest listed lender by market value, was questioned by police and resigned last week. The rate surged as high as 6.8 percent in August after the arrest of the co-founder of Asia Commercial Bank triggered deposit withdrawals. “Banks may…

Vietnam Capital Injection On Omo Declines On November 5

Data from Reuters showed that on November 5, the State Bank of Vietnam (SBV) pumped 341 billion dong for 7-day tenor at the interest rate of 8 percent per annum (p.a.) on open market operations (OMO) while withdrawing 522 billion dong , resulting in a net withdrawal of 181 billion dong . Thus, till the end of November 5, 2012, the total amount of capital in circulation on OMO was 6.638 trillion dong . Late last week, on November 2, the central bank injected up to 5.396 trillion dong on OMO, marking the biggest volume since August 22, 2012. The low capital injection on OMO and the central bank’s net withdrawal indicated…

Vietnam Central Bank Net Withdraws VND181Bln via OMO on Nov 5

The State Bank of Vietnam (SBV) net withdrew VND181 billion through open market operations (OMO) on Nov 5, the local newswire VnEconomy.vn reported, citing Reuters data. Specifically, the central bank pumped VND341 billion at 8% p.a. for 7-day window and withdrew VND522 billion during the day. The SBV also sold VND305 billion worth of T-bills under 91-day maturity at 6.8% p.a. yesterday [Nov 5]. The average interbank rate was recorded at 3.5-4% p.a. for overnight, up 0.5% from late last week and rose to 4-5% p.a. for 1-week term, up 0.5-1% p.a. The low…