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Tag Archive for ‘SBV’

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%…

Vietnam Central Bank to Decide Bullion Conversion Plan in A Few Days

The State Bank of Vietnam (SBV) will decide a bullion conversion plan and implementation approach in a few days, the Saigon Times reported, citing its private source. SJC have imported one more gold testing machine; a move to speed up the gold testing process, which is done rather slowly in the past time, said Nguyen Hoang Minh, Deputy Director of the municipal central bank in Ho Chi Minh City. SJC currently has only four gold testing machines and once the new machine is delivered, the SJC can test 2,000 taels a day. Compared to the total quantity of nearly 400,000 taels that…

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…

VPBank allowed to hike chartered capital to 5.77tr dong

The State Bank of Vietnam (SBV)’s governor on November 2 issued a document approving Vietnam Prosperity Commercial Joint Stock Bank (VPBank) to scale up its chartered capital from 5.05 trillion dong to 5.77 trillion dong . The bank’s chartered capital increase plan was passed by the annual general meeting (AGM) on April 24, 2012 whereby the additional chartered capital of 720 billion dong was from its retained profit and additional reserve fund. The SBV’s governor assigned SBV’s Hanoi branch to take on responsibilities for receiving and evaluating the dossiers about amendments of contents related to the chartered capital in the operation license of…

State Banker Describes Changing Vietnam Market

Deputy director Nguyen Hoang Minh at State Bank of Vietnam’s Ho Chi Minh City branch office brings some light to the city’s capital supply and banks’ performance in later months of the year. Deposit rates show signs of going upward as banks race for new customers. Does this reflect a shortfall in banks’ liquidity? In […]

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…

Vietnam Sees Total Lending Grow 3.3% as of Now: Source

Total lending of the entire banking sector has climbed to 3.3% from 2011, said Do Thi Nhung, Vice Head of the Monetary Policy Department of the State Bank of Vietnam (SBV), the local newswire Gafin.vn reported. The SBV representative also listed some main reasons for low credit growth of the country in 2012 as follows. […]

Vietnam to Audit 6 State Groups and 4 Banks in 2013

Vietnam’s State Audit is seeking the National Assembly’s approval to audit 6 state corporations and 4 banks in 2013, including EVN and Petro Vietnam. The list of the 6 corporations are: the Electricity of Vietnam (EVN), Petro Vietnam, the Vietnam National Coal – Mineral Industries Holding Corporation Limited (Vinacomin), Vietnam National Textile Garment Group (Vinatex), […]

Vietnam Central Bank Injects VND5.4Bln via OMO on Nov 2

The State Bank of Vietnam (SBV) pumped VND5.396 billion at 8% p.a. for 7-day window via open market operations (OMO) last Friday, the local newswire Gafin.vn reported, citing data from the State Bank of Vietnam (SBV). This marks the biggest monetary injection of the central bank through OMO since August 22, when the SBV had to pump up to VND13.025 trillion to ease liquidity tension for the whole system, following the arrest of former ACB Vice Chairman Nguyen Duc Kien. On the same day, Saigon Thuong Tin Commercial Joint Stock Bank (STB) announced that Chairman Nguyen Van Thanh resigned…