Prime interest rate kept at 8 percent

The State Bank of Vietnam (SBV) Governor Nguyen Van Giau signed a decision on April 27 to keep the prime interest rate unchanged at 8 percent per annum.

The decision will take effect as of May 1, replacing Decision 618/QD-NHNN regulating the prime interest rate issued by the SBV Governor on March 25.

With this decision, the prime interest rate has stayed at unchanged for the sixth month in a row.

Currently, deposit interest rates offered by local commercial banks are fluctuating around the level of 11.5 percent a year.

VOVNews

Tags: Vietnam finance, Vietnam financial, Vietnam interest rate

Posted by VBN on Apr 28 2010. 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