I- Restaurant
Vïì cöng cuơ dûơ trûô bùưt buöơc
Tûđ giûôa nùm 2007, laơm phaât coâ xu hûúâng tùng maơnh, NHNN ăaô ăiïìu chónh tùng tyê lïơ DTBB gíịp 1,5-2 líìn (aâp duơng tûđ thaâng 6/2007) ăïí huât tiïìn vïì, kiïím soaât tùng trûúêng töíng phûúng tiïơn thanh toaân. Tyê lïơ DTBB aâp duơng ăöịi vúâi tiïìn gûêi VND coâ kyđ haơn dûúâi 12 thaâng tùng tûđ 5% lïn 10%; riïng Ngín hađng Nöng nghiïơp vađ phaât triïín nöng thön Viïơt Nam tùng tûđ 4% lïn 8%; NHTM cöí phíìn nöng thön, Quyô tñn duơng nhín dín Trung ûúng tùng tûđ 2% lïn 4%. Tyê lïơ DTBB aâp duơng ăöịi vúâi tiïìn gûêi ngoaơi tïơ kyđ haơn dûúâi 12 thaâng tùng tûđ 8% lïn 10%. Tyê lïơ DTBB ăöịi vúâi tiïìn gûêi VND vađ ngoaơi tïơ coâ kyđ haơn tûđ 12 thaâng ăïịn dûúâi 24 thaâng tùng tûđ 2% lïn 4%.
and foreign bank branches, an increase of 20% of participants against the previous year, hence improving the regulatory capability of this operation.
In order to take several urgent measures to curb the market price hike, and meet the objective of liquidity withdrawal through OMOs, the SBV increased the number of transaction sessions from 3 sessions/week to daily OMOs transactions; increasing the amount of SBV bills to be sold, diversifying terms of SBV bills from 14 days to 364 days, and determining the appropriate interest rate to withdraw money from circulation through this channel. Average bid winning interest rate in selling auctions was 4.35%/year.
In addition, the SBV organized weekly ses- sions offering to buy valuable papers with maturity of 14 days so as to signal SBV's readiness to support commercial banks with actual liquidity shortage in order to ensure their solvency. The average buying interest rate offered was about 8.2%/year.
* Reserve requirement:
Inflation showed a trend of sharp increase since the middle of 2007. SBV adjusted reserve requirement ratios to increase by 1.5- 2 times (effective since June 2007) in order to withdraw money and control total liquidity growth. Reserve requirement ratio applicalbe to VND deposit with terms of less than 12 months increased from 5% to 10%, with the exception of an increase from 4% to 8% at Bank for Agriculture and Rural
Development; and from 2% to 4% at the rural joint stock banks, the central people's credit fund and cooperative credit bank. Reserve requirements ratios applied to foreign curren- cy deposits with terms of less than 12 months increased from 8% to 10%, while that of VND and foreign currency deposits with terms from
Viïơc ăiïìu chónh dûơ trûô bùưt buöơc cuêa NHNN ăöịi vúâi TCTD mùơc duđ lađm tùng chi phñ huy ăöơng vöịn nhûng chó úê mûâc thíịp, do viïơc thûơc hiïơn ăiïìu chónh tùng tyê lïơ DTBB vađo thúđi gian caâc TCTD coâ dû thûđa vöịn, nïn caâc TCTD chuýín phíìn dûơ trûô dû thûđa ăang gûêi taơi NHNN khöng ặúơc traê laôi sang phíìn DTBB ặúơc traê laôi. Hún nûôa, do chïơch lïơch laôi suíịt cuêa caâc TCTD tûúng ăöịi cao, caâc TCTD giaêm chi phñ ăïí caơnh tranh huy ăöơng vöịn vađ cho vay mađ khöng aênh hûúêng ăïịn laôi suíịt. Vò víơy, sau khi ăiïìu chónh tyê lïơ DTBB, mùơt bùìng laôi suíịt huy ăöơng vađ cho vay cuêa TCTD ñt biïịn ăöơng.