The State Bank of Vietnam (SBV) cut VND deposit interest rate cap for 1-6 month terms by 0.5% to 7% per annum from June 28.
The State Bank of Vietnam (SBV) cut VND deposit interest rate cap for 1-6 month terms by 0.5% to 7% per annum from June 28.
Interest rate of no-term and under-one-month deposits has been capped at 1.2% per annum and that for 1 – 7 month ones is 7% per annum.
To the rate cap for deposits of above 6 months, credit institutions and foreign banks can decide the rates according to demand-supply on the market.
T.T
