SBV Adjusts Refinancing, Overnight Rate to 13 Percent

The State Bank of Vietnam (SBV) has recently issued the Decision No. 692/QD-NHNN on adjustment of several interest rates. In particular, the refinancing interest rate rises from 12 percent to 13 percent per annum and the overnight rate in the interbank electronic payment and the rate of loans to finance short balances in clearing transactions between the SBV and commercial banks is also 13 per cent per annum.

 

This decision took effect from April 1, 2011.