Published Date: 01/11/2024
- Interbank rates hit a 4-month low of 2.7% in mid-Oct, then surged to 3.8% by month-end, reflecting liquidity pressures within the system.
- The USD/VND exchange rate surged by nearly 3% over the month, reached 25,295 VND/USD by the end of Oct.
- Credit growth is expanding almost twice as fast as capital mobilization, which will continue to pressure banks to adjust input rates towards the year-end.
