SBV announces new interest rates

VGP – The State Bank of Việt Nam (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.

By Thùy Dung