Banks Can Conduct IR Exchange

Banks can conduct interest rate exchange (Photo: T.C.)
The State Bank of Viet Nam has issued a regulation on interest rate exchanging transaction between banks and banks, and banks and enterprises to prevent hazards of interest rate fluctuation on the market.

In order to be eligible to conduct the interest rate exchange, banks must have paid-up capital worth at least VND1 trillion (US$62 million) and be able to ensure the safe rate of capital.

By Ham Yen – Translate by Yen Chuong

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