NBC reveals interbank fund payment service

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VietStock FI English 1 week(s) ago

The National Bank of Cambodia will launch a new payment system to increase inter bank activity in a move to shore up confidence in the Kingdom’s rapidly expanding banking sector, it said in a press release yesterday.

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China cuts banks' reserve requirement ratio

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Báo Thanh Niên English 2 month(s) ago

China cuts banks' reserve requirement ratio

China’s central bank stepped up efforts to cushion its economic slowdown amid plunging stock prices and a weakening currency, cutting the amount of cash the nation’s lenders must lock away.

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Interbank market rates remain high

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Báo Đầu Tư English 3 month(s) ago

Interbank market rates remain high

Interbank market rates rose steeply from November to December 2015. They reached a two-year peak at five per cent per annum, and remained high till the end of the year at rates that were the same as the borrowing cost of reverse repos via open market operations.

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Central rate up, commercial banks drop rates

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Báo Đầu Tư English 3 month(s) ago 1 related news

Central rate up, commercial banks drop rates

The State Bank of Viet Nam (SBV) levelled the interbank exchange rate in the last two days while local commercial banks reduced theirs.

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Monetary market experiencing tough days

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VOV News English 4 month(s) ago

Monetary market experiencing tough days

The monetary market on the last days of the year was hot, with the interbank interest rate reaching the year’s peak and the dollar price hitting the ceiling. The watchdog agency had to pump a large amount of money into circulation.

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Monetary market experiencing tough days

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VietnamNet English 4 month(s) ago 2 related news

Monetary market experiencing tough days

VietNamNet Bridge - The monetary market on the last days of the year was hot, with the interbank interest rate reaching the year’s peak and the dollar price hitting the ceiling. The watchdog agency had to pump a large amount of money into circulation.

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Vietnam changes dollar/dong rate setting frequency; dong dips

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Báo Thanh Niên English 4 month(s) ago 1 related news

Vietnam changes dollar/dong rate setting frequency; dong dips

Vietnam allowed its currency to ease on Monday as it resumed a more flexible foreign exchange policy for interbank dollar/dong transactions, a move that could trigger a gradual devaluation in the local currency.

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Vietnam sets mid-point rate at 21,896 dong/dollar: central bank

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Báo Thanh Niên English 4 month(s) ago 1 related news

Vietnam sets mid-point rate at 21,896 dong/dollar: central bank

Vietnam set the mid-point rate for the dong currency at 21,896 to the dollar for interbank transactions on Monday, the first day it resumed a policy of adjusting the rate on daily basis to allow more flexibility.

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Vietnam to set negative interest for dollar deposits: cbank governor

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Báo Tuổi Trẻ English 4 month(s) ago

Vietnam to set negative interest for dollar deposits: cbank governor

The State Bank of Vietnam may slash interest on deposits in U.S. dollars to even below the current rate of zero to continue its de-dollarization drive, particularly after the FED rate hike, the central bank’s governor has said.

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Vietnam's currency drops to limit of trading band for first time

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Báo Thanh Niên English 4 month(s) ago

Vietnam's currency drops to limit of trading band for first time

Vietnam’s dong fell to the limit of its current trading band for the first time, reflecting further pressure to weaken after three devaluations already this year.

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Interbank activity picks up pace during third quarter

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Báo Đầu Tư English 5 month(s) ago

Interbank activity picks up pace during third quarter

After two quarters of decline, the interbank market traded actively during the third quarter, with total trading volume rising by 31 per cent compared to the second quarter and by 1.04 per cent compared to the same period last year, to reach VND1,332 trillion ($60.8 billion) for the quarter.

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Financial tool tweaked to sharpen interbank market

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VietStock FI English 6 month(s) ago

Cambodia’s central bank has decreased the minimum-investment threshold on negotiable certificates of deposit (NCDs) and will no longer offer term-deposit accounts in an effort to kickstart the sputtering interbank lending market.

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SBV to take synchronous measures in exchange rate management

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VOV News English 6 month(s) ago

SBV to take synchronous measures in exchange rate management

The State Bank of Vietnam (SBV) will keep a close watch on the development of domestic and global macro economies and monetary markets to assure synchronous exchange rate management, said SBV Deputy Governor Nguyen Thi Hong.

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Cambodia works to reduce dollarization

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VOV News English 7 month(s) ago

Cambodia works to reduce dollarization

Cambodia is designing plans to give its riel (the local currency) a boost in an attempt to limit dollarization, China’s Xinhua news agency quoted Neav Chanthana, Deputy Governor of the National Bank of Cambodia (NBC), as saying.

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Vietnam has reasons not to sharply devalue the dong

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VietnamNet English 8 month(s) ago

Vietnam has reasons not to sharply devalue the dong

VietNamNet Bridge - If Vietnam devalues the dong sharply, regulatory agencies will find it difficult to implement the plan to slash medium- and long-term bank loan interest rates, and the public debt will become worse.

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