The State Bank of Vietnam (SBV) on May 10 made a decision to reduce the prime interest rates on VND.
The State Bank of Vietnam (SBV) on May 10 made a decision to reduce the prime interest rates on VND.
Accordingly, the refinancing rate was cut from 8 percent per annum to 7 percent per annum, the rediscount rate from 6 percent to 5 percent and 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 from 9 percent to 8 percent.The State Bank of Vietnam (SBV) on May 10 made a decision to reduce the prime interest rates on VND.
The new interest rates has come into operation as from May 13.In addition, the maximum lending rate to some preferential businesses, including supporting industries, rural agriculture and small and medium-sized businesses was slashed from 11% per annum to 10% per annum.
T.T
