Under the document, the SBV requested credit institutions, branches of foreign banks and regional SBV offices to implement measures to maintain stable market interest rates.
The State Bank of Vietnam (SBV) has withdrawn a net amount of VNĐ116.65 trillion (US$4.4 billion) from the interbank market over the past seven consecutive days, from March 4 to March 12, signalling a surplus of liquidity in the banking system.
A notable driver was the continued surge in individual deposits, which hit a record high of nearly VNĐ7.5 quadrillion, up 5.73 per cent since the beginning of the year.
Total liquidity in the banking system reached about VND13.749 trillion (US$601 billion) in January, increasing by 2.59 per cent against the end of 2021.
