Highest lending interest rate for manufacturing sector at 21pct/yr, SBV reports

The State Bank of Vietnam (SBV) has recently reported the banking operations in the week between September 17 and 23 whereby the deposit interest rate in dong remained stable at 14% per year for almost terms, in US dollar at 2% per annum (for individuals) and 0.5% p.a. for economic institutions.
Meanwhile, the lending interest rate in dong also continued to be stable as the rate was 17-19% per year for agriculture, rural area and export sectors, 18-21% per year for manufacturing and business sectors and 22-25% per year for non-production sector.
The lending interest rate in US dollar was commonly at 6-7.5% per year for short terms and 7.5-8% per annum for medium and long terms.
Detailed lending interest rate benchmark of credit institutions from September 17 to 23:
Group of commercial banks
Subjects
Short terms
Medium-long terms
Loan in dong:
State Commercial Banks
Common production and business
18-19
18.5-19
Agriculture, rural area and export
16.5-17
17-18
Loan in US dollar
6.0-6.5
6.5-7.0
Loan in dong:
Commercial JS Bank
Common production and business
18-19
19-21
Agriculture, rural area and export
17-19
18-20
Loan in US dollar
6.5-7.0
7.5-8.0″-Source:Vietbiz24.com”

Tags: Vietnam banking industry, Vietnam banking sector, Vietnam finance, Vietnam financial, Vietnam lending interest rate

Posted by quynhdn on Oct 2 2011. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry