Expansion of credit limit good for market
Businesses have for long faced a crunch of capital and difficulty in accessing credit from banks.
State Bank of Vietnam faces pressure on exchange rate
The State Bank of Vietnam is facing multiple pressures in 2022 in managing the foreign exchange rate, such as net withdrawal of hundreds of billions of dongs through the treasury bill channels, selling of foreign currency from reserves, and in adjusting the US dollar selling price.
Central bank stands ready to pump more foreign currencies to market: official
The State Bank of Vietnam (SBV) will increase its interference in the foreign currency market and stay ready to pump money into the market more frequently, thus creating favorable conditions for credit institutions to meet the demand for legal foreign currencies from organizations and individuals, according to Vice Director of the SBV’s Monetary Policy Department Pham Chi Quang.