State Bank successfully bids nearly 15,000 billion VND in treasury bills

On March 11, the State Bank offered 28-day term bills through interest rate bidding and unit price bidding.

Accordingly, 6 members out of 18 members participated in the bidding with a winning bid volume of 14,999.8 billion VND. The winning interest rate is 1.4%/year. The promissory note will mature on April 8, 2024.

This is the resumption of treasury bill offering after more than 4 months of suspension by the State Bank and takes place in the context of increasing exchange rates in recent weeks; system liquidity is somewhat abundant again when credit growth is at a low level.

According to economic experts, the restart of the treasury bill offering shows the operator's intention to reduce liquidity in the system and tends to increase VND interest rates on the interbank market. This will support the stability of the USD/VND exchange rate, which is under a lot of pressure.

The central exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of March 11 was announced by the State Bank at 23,972 VND/USD. At some commercial banks such as Vietcombank, the USD price was listed at 24,440 - 24,810 VND/USD (buy - sell); at BIDV , it was 24,495 - 24,805 VND/USD (buy - sell).

According to VNA

Source: https://doanhnghiepvn.vn/kinh-te/ngan-hang-nha-nuoc-dau-thau-thanh-cong-gan-15-000-ty-dong-tin-phieu/20240312093946159