The open market continued to have no transactions and the interbank interest rate was flat at 0.19% / year for the overnight term and 0.26% / year for the 1 week term. Deposit interest rates for institutional customers are also stable at 2.5-3.8% / year for terms of less than 6 months, 3.7-5% / year for terms of 6 to less than 12 months, 4, 9-5.8% / year for 12 and 13 month terms. SSI Research estimates credit growth in 2021 is about 13-14%, deposit interest rates will remain low in the first half of 2021 and may inch up in the second half of the year due to stronger credit output. 
USDVND exchange rate decreased
The optimistic sentiment of the market is still maintained thanks to the information that PMI in December of countries recovered strongly and the absolute victory of Democrats in the US election. However, the increasingly severe epidemic diseases in Europe and America together made the market fluctuate, the DXY index fluctuated in the 89-90 region.
In general, the USD is still under pressure to depreciate in 2021 because the Fed maintains strong monetary easing and risk appetite still plays a key role in the recovery of the global economy.
In Vietnam, the foreign currency supply and demand is still favorable and the market sentiment is stable. The exchange rate of USDVND listed by commercial banks decreased by 40 VND / USD, to 22,940 / 23,150 and decreased by 50 VND / USD in the buying direction and 30 VND / USD selling on the free market, to 23,320 / 23,370. Center rate also decreased by 10 dong / USD to 23,121 dong / USD.
USD remains in a downward trend, plus the State Bank of Vietnam allows the VND to fluctuate more freely according to market movements and less daily intervention, and all of this can help VND increase. Price slightly against USD in 2021.
Source: ndh.vn – Translated by fintel.vn