Central Bank says seek to assure dong liquidity

The State Bank of Vietnam said Wednesday it would ensure Vietnam dong liquidity for the country’s banking system as a number of commercial banks have cut lending rates for manufacturing industries to 17%-19% a year from 18%-22%.

File photo show customers at an Eximbank office in Ho Chi Minh City (Photo: SGGP)

The Central Bank, in a meeting with representatives of 12 major commercial banks in Hanoi Wednesday, said local bankers had operated well in controlling the lending balance for non-productive industries.

The State Bank said in a statement Wednesday it would closely supervise Vietnam dong liquidity in the market, with appropriate timely solutions.

The Central Bank is set to secure liquidity by continuing to supply more money into the market.

By Ham Yen, translated by Thuy Hoa

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