{"id":23496,"date":"2011-08-29T13:54:00","date_gmt":"2011-08-29T17:54:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=718c9d14a4d9fd23bc259e78a09fb898"},"modified":"2011-08-29T13:54:00","modified_gmt":"2011-08-29T17:54:00","slug":"vietnam-central-bank-lifts-dollar-reserve-ratios-100bps","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/08\/29\/vietnam-central-bank-lifts-dollar-reserve-ratios-100bps\/","title":{"rendered":"Vietnam Central Bank Lifts Dollar Reserve Ratios 100bps"},"content":{"rendered":"<p><span style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\"><span style=\"font-size: 12px; line-height: 16px;\">The&nbsp;<\/span><\/span><a href=\"http:\/\/www.sbv.gov.vn\/wps\/portal\/vn\" style=\"color: #3778cd; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; text-decoration: none;\" >State Bank of Vietnam<\/a><span style=\"font-family: Verdana, Geneva, sans-serif;\"><span style=\"font-size: 12px; line-height: 16px;\">&nbsp;raised the required reserve <a href=\"http:\/\/www.centralbanknews.info\/p\/interest-rates.html\">ratios<\/a> on foreign currency for credit institutions by 100 basis points. &nbsp;The ratio on non-term foreign currency deposits and deposits of less than 12 months will be 8% (7% previously) for most State-owned commercial banks, joint stock banks, 100 percent foreign owned banks, joint venture banks, and foreign bank branches. &nbsp;The ratio will be 7% (6% previously) for the Bank for Agricultural and Rural Development, the Central People&#8217;s Credit Fund, and cooperative banks. &nbsp;The ratio on deposits longer than 12 months will be 6% (5%) and 5% (4%) respectively for those two groups.<\/span><\/span><\/span><\/p>\n<div><span style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\"><span style=\"font-size: 12px; line-height: 16px;\"><\/span><\/span><\/span><br \/><a name='more'><\/a><\/div>\n<div><span style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\"><span style=\"font-size: 12px; line-height: 16px;\">The Vietnamese central bank last raised the <a href=\"http:\/\/www.centralbanknews.info\/2011\/06\/state-bank-of-vietnam-implements-series.html\">required reserve<\/a> ratios on foreign currency by 100 basis points in June this year. &nbsp;The&nbsp;<a href=\"http:\/\/www.centralbanknews.info\/2011\/05\/vietnam-central-bank-hikes-reverse-repo.html\" style=\"color: #3778cd; text-decoration: none;\" >bank<\/a>&nbsp;also increased&nbsp;its reverse repurchase interest rate by 100 basis points to 15.00% in May this year, and subsequently reduced the <a href=\"http:\/\/www.centralbanknews.info\/2011\/07\/state-bank-of-vietnam-reduces-omo-rate.html\">OMO rate<\/a><\/span><\/span><\/span><span style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\"><span style=\"font-size: 12px; line-height: 16px;\"> by 100 basis points to 14.00%. &nbsp;Vietnam reported annual inflation of 22.16% in July, up from 20.82% in June, 19.78% in May, and 17.51% in April this year, according to the General Statistics Office. &nbsp;The Vietnamese Dong is currently trading around 20,840 against the US dollar.<\/span><\/span><\/span><br \/><span class=\"Apple-style-span\" style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><br \/><a href=\"http:\/\/www.centralbanknews.info\/\" style=\"color: #3778cd; text-decoration: none;\" >www.CentralBankNews.info<\/a><\/span><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-3327656545639984217?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;State Bank of Vietnam&nbsp;raised the required reserve ratios on foreign currency for credit institutions by 100 basis points. &nbsp;The ratio on non-term foreign currency deposits and deposits of less than 12 months will be 8% (7% previously)&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-23496","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=23496"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23496\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}