State Bank of Vietnam stabilises monetary market

Recent monetary management policies have made a positive impact on the domestic monetary market and the consumer price index (CPI) in October fell by 0.19 percent as compared to September.

The monetary market is stable. The interest rate of Vietnam Dong is 3.36 percent to 15.91 percent annually and the loan rate is 18-18.5 percent for State commercial banks and 19 percent for joint stock banks.

In the next months, the SBV Governor will direct relevant agencies to closely follow the domestic and world markets to make accurate forecasts to stimulate direct financial and business management activities in order to control inflation and meet economic growth targets.

The SBV will impose controls on basic interest and exchange rates and maintain high liquidity to create trust in the banking system by shoring up commercial banks.

VOV

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