Clients do transactions at a bank in Ho Chi Minh City. (Photo: SGGP)

SSI: Mobilizing interest rates unlikely to drop

According to SSI Securities Corporation in its recently-released report on the financial and monetary market in March, as credit growth of banking sector was merely at 2.28 percent by the end of March, much lower than a growth of 3.56 percent in the same period last year, pressure to boost credit growth will be passed to the second quarter, leading to high demand for capital mobilization with interest rates unlikely to decline.
A customer makes transactions at HCM City Development Bank (HDBank). (Photo: VNA/VNS)

Foreign reserves at record $57b

State Bank of Vietnam (SBV) continues to build up its foreign exchange reserves to cushion external shocks, raising the fund to a new record high of more than US$57 billion till February 6.