Specifically, as of November 7th, the overnight interest rate reached 5.97%/year, a sharp increase of 1.52%/year compared to the end of the previous week (4.45%/year); the 1-week and 2-week terms increased by 1.08% and 0.72% respectively to 6.06%/year and 5.99%/year; the 1-month term increased by 0.56% to 6.05%/year and the 3-month term increased by 0.44% to 6.42%/year.
According to expert analysis, in order to ensure liquidity in the context of not issuing many securities and slow deposit growth, commercial banks have intensified their activities in the interbank market (total transactions of VND 480 trillion) and continued to adjust deposit interest rates upwards. In fact, customer deposits decreased significantly in the third quarter, with total mobilized capital falling to VND 782 trillion, lower than the VND 1,171 trillion in the fourth quarter of 2024 and VND 1,054 trillion in the first quarter of 2025. Therefore, the increase in total borrowing in the interbank market indicates that banks have had to seek short-term capital to compensate for the temporary liquidity shortage.
In the open market, the volume of successful bids increased sharply to VND 128,667.63 billion across maturities of 7, 14, 28, and 91 days, with interest rates remaining at 4% per annum. Meanwhile, only VND 72,193.65 billion matured on the collateralized lending channel, bringing the total amount of capital circulating through this channel to a high of VND 280,811.64 billion.
Overall, the State Bank of Vietnam injected a net amount of VND 56,473.98 billion last week, continuing its four-week streak of net injections and contributing to maintaining stable liquidity in the banking system.
Source: https://hanoimoi.vn/lai-suat-lien-ngan-hang-tang-tro-lai-722683.html
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