Vietnam dong inter-bank transactions recorded approximately VND218.825 trillion (USD10.94 billion) during the last week of 2010.
Meanwhile, transactions in U.S. dollars were at 4.825 billion during the week.
On average, inter-bank transactions totaled VND36.367 trillion (USD1.81 billion) and USD804 million per day during the period.
Average VND inter-bank interest rates slightly increased for most terms in the week from December 25-31, with an average rise of between 0.06% and 0.39%.
Average overnight interest rates saw a slight increase of 0.08%, leaving the rate at 10.5% per annum.
Three-month and one-year interest rates took the lead at 13.41%. Non-term interest rates posted slight decreases of 0.03% and average VND interest rates of the remaining terms fluctuated at 13% and 13.4%.
According to the State Bank of Vietnam (SBV),VND deposit interest rates saw less change than the previous week, ranging from 13.5% to 14% per year. Most credit organisations did not offer promotions in cash or interest rates.
Interest rates for short-term loans in agriculture and exports stood at 12.5%-14.5% per year while the rates of 15% -18% per year were applied for other production and business areas. Non-production rates were 18% - 20% per year.
Most short-term transactions in VND were overnight, one week and two-week, accounting for 82% of the whole week’s transaction value. Total overnight VND transaction value was estimated at VND60.204 trillion (USD3.01 billion) and the figure for dollars stood at USD3.074 billion.
During the week, USD interest rates remained quite stable against the previous week. Demand deposit interest rates ranged from 0.2%-0.5% per year. The rates of 3.5%-5.2% per year were for terms of less than one year. 4.2%-5.6% rates were imposed on terms of more than one year. USD lending interest rates were popular at 5.5%-6.5% per year for short term loans and 6%- 8% per year for mid and long term loans.
