1. Mobilizing and lending rates:
1.1. Mobilizing rates:
- The VND mobilizing rates: The rates were commonly 0.8 - 1% p.a for demand and below 1 month term, 4.5 - 5.4% p.a for 1 to below 6 month terms, 5.4 - 6.5% p.a for 6 month to below 12 month terms; and 6.4 – 7.2% p.a for 12 month plus terms.
- The USD mobilizing rates were stable as compared to the previous week, the rates were commonly 0.75% p.a for individuals and 0.25% p.a for economic institutions.
1.2. Lending rates:
- The VND lending rates: The average rates were commonly 6- 7% p.a for short-term loans for priority fields, and state-owned joint-stock commercial banks continued offering the rates of 9 - 10 % p.a for medium and long-term loans for priority fields; and the rates were commonly 7 - 9% p.a for short-term and 9.3 – 11% p.a for medium and long-term ordinary loans.
- The USD lending rates were commonly 3 – 6.7% p.a. The rates were 3 – 5.5% p.a for short term and 5.5 – 6.7% p.a for medium and long terms.
The specific lending rates were as follows:
Groups of commercial banks |
Currency |
Short term (% p.a) |
Medium and long terms (% p.a) |
Group of state-owned commercial banks |
- VND applicable to ordinary loans |
7.0 – 8.8 |
9.3 – 10.5 |
- VND applicable to loans for agricultural and rural development, exporters,supporting industries, SMEs and hi-tech enterprises |
6.0 - 7.0 |
9.0 – 10.0 |
|
|
USD |
3.0 - 4.5 |
5.5 - 6.5 |
Group of joint-stockcommercial banks |
- VND applicable to ordinary loans |
7.8 - 9.0 |
10.0 – 11.0 |
- VND applicable to loans for agricultural and rural development, exporters, supporting industries, SMEs and hi-tech enterprises |
7.0 |
10.0 – 10.5 |
|
|
USD |
4.5 – 5.5 |
6.0 – 6.7 |
2. Inter-bank transaction turnover:
2.1. Transactions:
According to the reports of credit institutions and foreign bank branches, the total amount of transactions in the inter-bank market reached about VND 111,144 billion and USD amount equivalent to VND 48,849 billion, i.e VND 22,229 billion and VND 9,770 billion per day averagely.
Most VND transactions were overnight and 1 week terms (accounting for 41% and 40% of the total amount of VND transactions respectively). Transactions in USD were mostly overnight and 1 week terms which accounted for 53% and 21% of the total amount of USD transactions respectively.
2.2. The average inter-bank interest rates:
For VND transactions: The inter-bank interest rates for most terms increased. Specifically, average interest rate of overnight term was 4.51%, up by 1.39 percentage points p.a. The average interest rates of below 1 month terms ranged from 4.8% to 5.06%.
For USD transactions: The average interest rate for overnight term decreased while the average interest rates for other terms increased. The average interest rate for overnight was down by 0.01 percentage point p.a, the average interest rates for 1 week and 1 month terms increased by 0.18 and 0.28 percentage point p.a.
The specific average inter-bank interest rates were as follows:
Term |
Over night |
1 week |
2 weeks |
1 month |
3 months |
6 months |
9 months |
VND |
4.51 |
4.80 |
4.85 |
5.06 |
4.79 |
4.98 |
4.05 |
USD |
0.26 |
0.65 |
0.92 |
0.75 |
1.39 |
1.79 |
- |
3. Exchange rate:
The VND/USD exchange rate quoted by Vietcombank was 21,565 - 21,625 at the end of April 17, 2015, down by 05 VND/USD in comparison with the exchange rate of 21,570 - 21,630 VND/USD at the beginning of the week.
Translated by TLH