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Intellectual people
Due to the lower bank interest rates, depositors withdrew money. It is up to them to withdraw what depositors invest in what they invest. The amount of investment in bonds is also made by investors.
The Deputy Governor of the State Bank of Vietnam (SBV), Dao Minh Tu, said so at the regular government press conference today (December 2).
Thus, the issue of very low bank interest rates, the situation of withdrawing savings deposits to offer other investment channels such as securities, bonds … was raised by the press: Is the Banco del Estado aware of this situation and has it measured how the decline affects year-end credit and long-term capital?
The Deputy Governor of the State Bank, Dao Minh Tu, reported: “Due to the fall in interest rates on bank deposits, depositors have withdrawn money to buy corporate bonds. The State Bank has also learned about the withdrawal of money. “. What depositors invest in what is the sender’s right. How much they can invest in buying bonds is up to the investors.
Mr. Tu said deposit growth in the first 10 months of the year is still 10.65%, faster than the economy’s credit ratio. In recent months, deposits from commercial banks have increased, so withdrawals are still lower than those of depositors.
“The fact that the people investors are withdrawing money to put into corporate bonds, decrees and guidance documents is in the spirit of restricting individual investors from buying bonds individually, how Buying that bond ensures the safety of the entire business by issuing their bonds, “Tu said.
With the Forex Stock Exchange, Lieutenant Governor Dao Minh Your additional information: According to current law, only credit institutions operating in currencies can buy, sell and provide trading services. foreign currency, perform derivative services in national and international markets …
“Currently, there is no license for any Forex stock exchange, all exchanges are operating not in accordance with the law. People who invest here are supporting the activities that violate the Law. People, by investing in these areas, should pay attention to whether the offers are appropriate to reality or not, pay attention to the legal nature of these organizations “- Mr. Tu positive.
Chau Nhu Quynh
