SBV Announces New Interest Rates
The State Bank of Vietnam (SBV) announced that the ceiling interest rate will be slashed by 1% for credit organizations to 13% per year.
The adjustment is made in compliance with Resolution No. 01/NQ-CP and in response to signals from demand and supply condition of the market.
The maximum interest rate for one-month terms is 5% per year and over one month of 13.5%.
The overnight loan, discounting and refinancing interest rates stand at 15%, 12% and 14%, respectively, 1% lower than before.
VGP
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