The State Bank of Viet Nam, SBV, will refinance commercial banks to ensure their liquidity as it tightens monetary policy. The money will be provided at the yearly 7.5% that has prevailed since February 1.
The Vietnam Association of Financial Investors (VAFI) has suggested raising the import tax on gold by 10-20% in order to control the gold market after massive gold imports were pointed out as the main reason behind the dollar shortage.
The Hanoi real estate market remained very hot in the first quarter of 2008 despite economic uncertainties and tightened monetary policy, according to CB Richard Ellis Group (CBRE. CBRE said that as supply remains short, the average leasing fee at trade centres in the first quarter of 2008 soared to $65/sq m.
