Vietnam & World Forex Market News

Vietnam and World Currency Market News

Dong deposit rate up, US dollar rate down 2009-04-21 - NLD

Vietinbank and Mekong Delta Housing Development Commercial JS Bank (MHBank) raised the dong deposit rate by 0.1-0.4% per annum as for all terms while private banks hiked by 0.1-0.2% on below 12-month deposits, reported State Bank of Vietnam (SBV) on April 14.

Meanwhile, the US dollar deposit rate of Bidv, Vietinbank and Vietcombank was cut down 0.1-0.6% per annum. Particularly Bidv adjusted down the US dollar deposit rate with terms of longer 12 months by 2% pa.

Dong short-term lending rate of state commercial banks ranged between 8.5 and 10% per annum, medium and long-term rate was 10-10.5% pa while those of joint stock banks were common at 10-10.5% pa. And US dollar lending rate stood at 6-7% pa.

Vietnam News Agency cited the SBV that commercial banks tended to list the dong/US dollar forex rate at the ceiling level of 17,783-17.786 dong per US dollar.

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