The State Bank of Vietnam has decided to raise compulsory reserve ratios of foreign currency for credit institutions by 1%...
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Accordingly, compulsory reserve ratios for non-term foreign currency deposits and those with terms of less than 12 months at State-owned banks, joint stock commercial banks, 100% foreign-invested banks, joint venture banks and branches of foreign banks in Vietnam will be increased to 8%.
The ratio for the same deposits at Agribank, Central People’s Credit Funds and co-operative banks will be 5% of the total compulsory reserves.
N.T
