THE SOCIALIST REPUBLIC OF VIET NAM
Government News
Prime interest rate unchanged at 8%
VGP – The Governor of the State Bank of Việt Nam (SBV) on May 31 issued Decision 1311/QĐ-NHNN to keep the prime interest rate unchanged at 8% per year.
May 31, 2010 11:48 AM GMT+7
The decision will come into effect on
June 1, 2010. Accordingly, the base interest rate in
Vietnamese currency (VND) continues to be stabilized compared to the previous
month.
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On the same day, the SBV released Notice 189/TB-NHNN on some types
of interest rates in VND of which refinancing and overnight rate on inter-bank
market per annum will be 8%. However, the discount rate is fixed at 6%.
By Kim Loan