During the week from October 7 to October 11, the State Bank of Vietnam (SBV) offered 90 trillion dong of treasury bills with a term of seven days. Interest rates for the first two sessions of the week were at 2.50 percent, and that of the following courses dropped sharply to 2.25 percent. However, credit institutions still absorbed almost this entire volume. During the week, there was 87 trillion dong matured on this channel, the number of treasury bills circulating in the market increased to 90 trillion dong.
On the mortgage channel, SBV still offered 1 trillion dong per session in all five sessions last week for seven-day terms, with interest rates of 4.50 percent per year. In the first four sessions of the week, there was no bidding volume; only the last session had 495 billion dong bidding.
Therefore, SBV net withdrew 2.504 trillion dong from the market through open market operations last week.
Meanwhile, the interbank dong offered rate also dropped at all terms in all five sessions. Accordingly, at the end of week on October 11, overnight interbank offered rates of dong traded around 1.93 percent, decreased 0.32 percentage points compared to the previous week closing; one-week period was 2.12 percent, fell 0.38 percentage points; two-week term was 2.38 percent, dropped by 0.30 percentage points and one-month period was 2.72 percent, declined by 0.41 percentage points.
Interbank US dollar offered rates also fluctuated up and down over the sessions at all terms from one month or fewer in the past week.
By the end of the week on October 11, the overnight interest rate of US dollar stood at 2.04 percent, slightly decreasing by 0.02 percentage points; one-week term was 2.16 percent, dropped 0.02 percentage points; two-week term was 2.31 percent, rose 0.03 percentage points, and one-month term was 2.48 percent, increased 0.05 percent score.
