The State Bank of Viet Nam is willing to provide liquidity to credit institutions to sustain their payment capability, especially at the end of the year when demand for funds often peaks, its deputy governor, Dao Minh Tu, has said.
Liquidity risk among Viet Nam''s commercial banks remained low as major efforts have taken place in recent decades to bolster the banking sector''s resilience, according to experts.
Total liquidity in the banking system reached about VND13.749 trillion (US$601 billion) in January, increasing by 2.59 per cent against the end of 2021.
The HCM City Stock Exchange (HoSE)’s technical system was under significant pressure with billions of new shares recently listed and to be listed on the bourse and huge cash inflow which boosted the market liquidity to record high levels.
Trading liquidity is key to luring foreign capital into the Vietnamese stock market in 2020 when the local equity market is being weighed down by negative ratings and global developments.
Though Tet (Lunar New Year) is approaching with rising capital demands, the liquidity of the banking system is abundant, helping interest rates in the inter-bank market sharply, industry insiders said.
Three companies in the HNX30-Index posting losses in the third quarter were PetroVietnam Coating Corporation (PVB), Tri Viet Group (TVC) and constructor Vimeco JSC (VMC).
Vietnamese shares were mixed on Thursday morning while market trading liquidity was modest as investors were unwilling to open checks for buying in assets.