SBV: Focus On Growth

January 2009
Asia Monitor: South East Asia Monitor Volume 1;Jan2009, Vol. 20 Issue 1, p1
Country Report
The article focuses on the effect of inflation and financial crises on the State Bank of Vietnam (SBV). It is reported that the central bank has cut the discount rate by 100bps to 10%, the refinancing rate by 100bps to 12% and the compulsory reserve ratio by 200bps to 8%. Rising loan default ratios have sparked fears in the banking sector that the sale of foreclosed property will put additional downward pressure on real estate prices.


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