In the context of Vietnamese banking liquidity being quite tense at the present, do you think liquidity constraints lead banks to rush into borrowing from foreign financial institutions? Andrew Jeffries, country director of the Asian Development Bank in Vietnam We know there have been increased liquidity demands in Vietnam's market. The banks have sought the State Bank of Vietnam (SBV) to increase credit in response to what is going on. However, we do not at this time have any fundamental systemic concerns about the safety and soundness of Vietnam's bank system. It's important to see this current demand for liquidity in the global context, where liquidity has tightened in many markets around the world in response to aggressive interest rate increases by the US Federal Reserve and by many other central banks to curb inflation. And the SBV is no exception – it had to raise policy rates twice since the beginning of the year. So, that caused liquidity concerns and tightening globally. This is not just a Vietnam-specific issue. What criteria must Vietnamese banks meet to be able to borrow capital from international financial institutions? We consider a number of factors. First and foremost is that the bank has… Read full this story
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