Vietnam c.bank makes net injection of 20tr dong on OMO

In four sessions from September 5 to 8, 2011, the State Bank of Vietnam (SBV) pumped 24 trillion dong with the interest rate of 14% per annum and withdrew four trillion dong, leading to a net injection of 20 trillion dong on open market operations (OMO), according to the data from Reuters and calculation of the local online newspaper NDHMoney.
The central bank’s move has stopped the balance status on capital injection and withdrawal on OMO that has lasted for a long time from July 13 to September 1, 2011.

Also according to the data from Reuters, the interbank overnight interest rate on September 8 slipped to 15% per annum from 16-16.5% per annum on September 7.

The interest rate for 1-week term was from 16-17% per annum, increasing slightly against 15.5-16.5% p.a. in previous day. The interest rate for 1-month term stood at 17.5-18% p.a. Notably, the interbank interest rate for 3-month term jumped to 20% p.a.

In the G-bond tender on September 8, the winning volume reached only 50 billion dong of the total offered volume of five trillion dong, falling strongly against the success ratio of 90% in previous tenders. – Vietbiz24

Tags: Vietnam banking industry, Vietnam finance, Vietnam financial

Posted by VBN on Sep 9 2011. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry