June 21 2010
Vietnam dong up a shade, but dollar demand to rise
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Interbank rates on Vietnamese dong loans eased over the past week with thin trading, while several banks started to raise their deposit rates, reflecting higher demand for cash, bankers said on Monday
Interbank rates on Vietnamese dong loans eased over the past week with thin trading, while several banks started to raise their deposit rates, reflecting higher demand for cash, bankers said on Monday
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Banks in Vietnam have lowered deposit rates to comply with an industry-imposed cap of 11.5 percent over the past week, from nearly 12 percent earlier, and bankers said there were signs that lending rates were easing too
Cash injections by the State Bank of Vietnam helped push down lending rates over the past week, and bankers said on Monday they expect them to fall further in anticipation of a possible end to a cap on deposit rates
Vietnamese dong lending rates have risen slightly in the past week due to higher month-end loan demand, but bankers said on Monday they did not expect much change this week as banks had ample cash
Interest rates on Vietnamese dong loans fell in the past week on the interbank market thanks to good liquidity, bankers say