The State Bank of Vietnam will raise its interference in the foreign currency market and stay prepared to pump money more frequently into the market, creating favourable conditions.
The State Bank of Vietnam (SBV) has kept regulatory interest rates unchanged to create favorable conditions for clients to access capital at reasonable costs. However, experts have warned that it will be difficult to curb interest rates.
The mechanism of granting credit room for each commercial bank is often called an administrative order by experts and it was proposed to remove this mechanism five to seven years ago after banks made new strides in the restructuring process.