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Banking & Finance

SBV injects $386 million net into economy

Released at: 09:00, 04/05/2015

SBV injects $386 million net into economy

Figure for first half of April to support credit for production, according to MB Securities.

by Minh Tien

According to MB Securities (MBS), the State Bank of Vietnam (SBV) injected VND8.33 trillion ($386 million) into the economy through repurchase agreements (repo) and open market operations (OMO) in the first two weeks of April after weeks of withdrawals.

As the SBV issued Treasury bills worth approximately VND17.1 trillion ($792 million) to withdraw money from the economy but had had to pay maturing bills worth VND10.9 trillion ($505 million), the net value of money being injected into the economy in order to support liquidity of the system in the first two weeks of April was roughly VND2.2 trillion ($102 million).

MBS expects the SBV will continue to inject more money into the system in the near term in order to meet credit needs for production increases in the second quarter.

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