Vietnam Money Supply Growth +7.75% in Jan-Nov

by lexie Fri Dec 02, 2011 9:12 pm

December 2, 2011

Vietnam Money Supply Growth +7.75% in Jan-Nov

The country’s broadest measure of total money supply, or M2 as of Nov 18, 2011 was estimated to edged up 7.75% from end-2010 and 0.25% on-month.

Previously, total money supply slid by 0.86% on-month in September and 0.5% MoM in October, according to the State Bank of Vietnam’s monthly banking reports.

The government estimated whole-year money supply growth to reach 12% compared to the target of 15-16% set in Resolution No.11. Of note, there is only one month ahead for the revised target 12% to be realized.

The country’s consumer price index (CPI) has recently eased from its peak in July. CPI climbed by 0.39% on-month in November, the fourth month in a row that saw CPI rises of less than 1%. The November increase led the CPI figure to have risen by 17.5% from December, 2010.

The forex market became more stable and foreign exchange positions of commercial banks were much improved, the government members commented, adding that local gold premium was significantly narrowed.

http://www.vietfinancenews.com/2011/12/vietnam-money-supply-growth-775-in-jan.html#more