The weekly banking information (from February 5 to February 11, 2009) is as  follows:

            1. In the week, the money market remained stable. The deposit balance of credit institutions at the State Bank of Vietnam (SBV) was able to  meet reserve requirements and ensure their solvency.

             - The mobilizing interest rates in VND of commercial banks slightly reduced while mobilizing rates in USD considerably declines. The  mobilizing rates would be quoted as follows:

- The short term lending rates in VND of the group of state-owned commercial banks commonly ranged from 8.5 to 10% p.a, the long term lending rates ranged from 10% to 10.5% p.a. 

The lending rates in VND of the group of joint-stock commercial banks ranged from 10% p.a to 10.5% p.a.

         3- According to the express reports of credit institutions, by February 10, 2009 the average interest rates in VND of short terms in the inter-bank market included overnight and 1 week terms tended to slightly increase; the rates of longer terms as 2 weeks, 1 month and 3 months tended to decrease, of  which the rate of 1 month had the largest decreace of 1.09% p.a, the rates of other terms had small change in comparision to last week.  The transaction were mostly in short terms, no transaction of the terms of 6 months and 12 months initiated.

The average interest rates in USD in the inter-bank market were on slight upward trend for  short terms transactions including overnight and 1 week; and were on downturn trend for longer terms including 2 weeks, 1 and 3 months; no transaction of 6 and 12 month term. The interest rates in USD were commonly below 2.3% p.a.

          The average interest rates in the inter-bank market were as follows:

                                                                                                                                                                                 ( % p.a )

    4- The USD/VND exchange rate of commercial banks was relatively stable, commonly at 17,485 -17,487 VND/USD. The SBV closely watched the developments in the market, managed the exchange rate flexibly to control trade deficit and stabilize macro-economy.