Inter-bank rate hits new record low of 0.5%

Inter-bank lending interest rates have continuously slipped to hit a new record low, according to the latest monetary report by Saigon Securities Incorporation’s (SSI) Retail Research.

The rates for overnight loans in the inter-bank market on Friday declined to 0.5 per cent from 0.82 per cent on Monday, the lowest level since October last year.

The rates for one-week and one-month loans also dropped by 13 basis points to 1.14 and 2.29 per cent, respectively

Thanks to the good liquidity, the central bank last week issued bills worth more than VNĐ40 trillion (US$1.75 billion) with a yield of 0.3 per cent against 0.5 per cent in the previous week.

During the week, the central bank withdrew VND2.5 trillion from the banking system.


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Vietcombank yields over $15 million from divestment

Vietcombank yields over $15 million from divestment

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) yesterday auctioned 19.8 million shares from Vietnam Cement Finance Company (CFC) and Saigon Bank for Industry and Trade (SaigonBank), yielding over VND342 billion (US$15.06 million).


State capital investor must divest from 85 SOEs

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Stock market

VN-Index rockets to near 926 points this morning

After increasing 13 points to exceed 900 points on the previous session, VN-Index continued raising 21.27 points this morning to hit 924.89 points with a slew of major stocks advancing in the HCMC Stock Exchange.