monetary market

Update news monetary market

The State Bank of Vietnam adjusted several operating interest rates last week, with the move deemed necessary in the context of a strong USD and increasing domestic pressure on interest rates and exchange rates.

SBV aiming to harmonise monetary market players

The State Bank of Vietnam is attempting to stabilise lending rates while also mobilising credit institutions to continue reducing operating costs and support both individuals and businesses.

VN central bank sells US dollar forward for first time since 2018

The State Bank of Vietnam (SBV) has recently sold US dollar forward for the first time since 2018 to support the liquidity of the foreign exchange market.

Vietnamese currency more stable than other regional peers

Though the unofficial value of the VND has now fallen about 3 percent against the USD, the rate is still a smaller depreciation than that seen by most of Vietnam’s regional peers and is expected to stabilise around that level.


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