Vietnam Money-Overnight rates up on deposit concern

Newswire

HANOI, June 20 (Reuters) - Overnight lending rates in Vietnam's interbank market firmed on Monday on concern central bank measures to counter money-laundering could trigger deposit withdrawals, bankers said. State-run banks, the country's main lenders, raised their quoted rates on overnight dong loans to between 6.4 percent and 6.6 percent, from a range of 6.0 and 6.5 percent a week ago. The new measures require banks to report transactions from 500 million dong ($31,575) on savings ...

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