Vietnam Interbank Rates Stabilize After Sharp Rise; Dinh Vu Port Announces Dividend

Interbank lending rates for the Vietnamese Dong experienced a significant surge before cooling down, according to the Vietnam Interbank Market Research Association. In the latest trading session, short-term rates, particularly for terms of one month and below, saw a notable decrease compared to the previous session.

Specifically, the overnight (ON) lending rate fell to 7.1% per annum. The one-week tenor was recorded at 7.43%, the two-week tenor at 7.5%, and the one-month tenor at 7.25%. These decreases ranged from 0.05 to 0.8 percentage points across different tenors, indicating a return to more stable conditions.

In open market operations, the State Bank of Vietnam offered a total of 21 trillion VND through its collateralized lending channel. This included tranches of 10 trillion VND for 7 days, 7 trillion VND for 35 days, and 4 trillion VND for 56 days, all maintained at an interest rate of 4.5% per annum. With over 19.159 trillion VND successfully bid and nearly 16.778 trillion VND in maturing giấy tờ có giá (negotiable instruments), the central bank net injected approximately 2.382 trillion VND into the market.

In other financial news, Dinh Vu Port (DVP) announced its intention to pay an interim cash dividend for the first period of 2025 at a rate of 50%. This translates to 5,000 VND per share. With nearly 40 million shares outstanding, the company expects to disburse approximately 200 billion VND. The final registration date for shareholders to receive this dividend is June 5, with ex-dividend trading on June 4. The payment is scheduled for June 29. This interim dividend is part of Dinh Vu Port's plan to distribute 80% of its profits as cash dividends for the full year 2025.