The State Bank of Vietnam (SBV) has succeeded with its macroeconomic management policies, international financial experts have said.

The U.S. Federal Reserve announced on Wednesday that it will continue to reduce the amount of money it is pumping into the recovery since May, as it sees consistent improvement in the world's largest economy.

 VietNamNet Bridge – The lending interest rates offered by many commercial banks have reduced to below the deposit interest rates. However, businesses don’t intend to borrow money at this moment.

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VietNamNet Bridge – Card holders have got with 17 kinds of fees charged by commercial banks, while the fees have been increasing rapidly.

 VietNamNet Bridge – The Ministry of Public Security has named 26 banks which are being investigated for receiving deposit money from the Asian Commercial Joint Stock Bank (ACB) at interest rates higher than the ceiling level.

 VietNamNet Bridge – If the inflation rate is curbed at 6.5 percent this year, the dong ceiling deposit interest rate would not go down to below 7 percent per annum as expected by businesses.

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The move by some big bankers to slash interest rates has raised big worries to smaller bankers, who fear that the “dumping” in the monetary market would prompt people to unanimously withdraw money from banks to buy dollars, gold or pour into stocks.

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 The State Bank of Viet Nam (SBV) has adjusted the dong-dollar reference rate for the first time since December last year to 21,036 from 20,828, according to a statement on the central bank's website.

 VietNamNet Bridge – There are embryonic signs of a new interest rate race among commercial banks, which have been trying to raise the deposit interest rates to improve their liquidity

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The State Bank of Vietnam said it will slash the deposit dollar interest rates. However, it would keep cautious steps when deciding when and how much to slash the interest rates in order to ensure the liquidity for the banking system.

VietNamNet Bridge – The Vietnamese monetary policy always aims at many different targets, which, in some cases, are contradictory. As a result, the policy cannot bring the desired effects.

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 Banks with non-performing loan ratios of 3 per cent or more will have to sell the loans to the Viet Nam Asset Management Company, a new group due to officially begin operations on July 9 this year.

Commercial banks have reported they have hundreds of trillions of dong left in their coffers. Tens of trillions of dong have been kept at securities accounts. Many enterprises suffer a headache because they have nowhere to invest in.