The State Bank of Vietnam (SBV) has withdrawn a net amount of VNĐ116.65 trillion (US$4.4 billion) from the interbank market over the past seven consecutive days, from March 4 to March 12, signalling a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.
