Non-production lending rate climbs to 25pct/yr

The non-production lending rate climbed up to 22-25% per year, according to the report on banking operations during the week between June 4 and 10 of the State Bank of Vietnam (SBV).
Earlier, the peak level announced by the central bank was 23% per year.

The lending interest rate for agriculture and rural areas and exports in June 4 and 10 was 16.5-17% per year and it was 18-20% for other production and business sector, remaining unchanged from the previous week.

The deposit rate for term transactions was commonly at 13.5-14% per year.

In terms of US dollar interest rate, the demand saving rate for US dollar was 0.2-1% p.a. and the US dollar saving rate for terms was 2% p.a. The US dollar lending interest rate was commonly at 6-7.5% pa for short term and 7.5-8.5% pa for medium and long terms. – Vietbiz24

Tags: Non-production lending rates, Vietnam banking industry, Vietnam finance, Vietnam financial

Posted by VBN on Jun 20 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