Basic interest rate in Vietnam dong kept stable at 8% per annum

Decision No 2024/QĐ-NHNN issued by the State Bank of Vietnam (SBV) on August 25th announced that basic interest rate in Vietnam dong (VND) will be kept stable at 8% per annum, dated September 1st, 2010.

 

On the same day, the SBV issued another Decision No 316/TB-NHNN announcing some other interest rates in VND, dated from September 1st.

 

According to the announcement, the recapitalization interest rate applied for credit institutions will be 8% per annum and the rediscount interest rate will be 6% per annum.

 

The overnight lending interest rate in the inter-banking electronic payments and for loans to compensate for deficits in bank clearing is 8% per annum.

 

September is the tenth consecutive month the basic interest rate is kept stable at 8% per annum, since December 1st, 2009.

 

(CPV)