Interbank interest rate at four-month low

The overnight interest rate on the interbank market has fallen to 0.71 per cent per annum. This is the lowest rate for four months and the fourth weekly decline in succession. According to the SSI Securities Company, the fall in recent days is because there have been no new transactions in terms of open market operations, meaning the State Bank of Vietnam has not withdrawn any funds. Forward contracts to sell foreign currencies continued to be implemented, helping to obtain new sources of VND.