The State Bank of Vietnam on December 25 issued a decision to keep prime interest rate in VND at 8% per annum...
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The State Bank of Vietnam on December 25 issued a decision to keep prime interest rate in VND at 8% per annum.
Accordingly, the refinancing rate and the rediscount rate to credit institutions will be kept at 8% per annum and 6% per annum, respectively. Similarly, the overnight rate in the inter-bank electronic payment and the rate of loans to finance short balances in clearing transactions between SBV and commercial banks is 8% per annum.
The decision will become effective as from January 1, 2010.
T.T
