Vietnam Sets 6% Rate Ceiling for Dong Deposits-Cbank
Vietnam’s central bank said it will impose a 6 percent ceiling on interest rates that banks can pay for dong non-term deposits and those with terms shorter than a month to avoid liquidity risks in the banking system.
The ceiling on dong deposits with a one-month term or longer remains unchanged at 14 percent, the State Bank of Vietnam said in a statement issued late on Wednesday.
The new ceiling will come into force from Oct. 1, the statement said.”-Source:StoxPlus.com”
Tags: Dong Deposits-Cbank, Vietnam economic growth, Vietnam economic news, Vietnam economy, Vietnam economy 2011, Vietnam Sets 6% Rate Ceiling
Posted by quynhdn on Sep 29 2011. Filed under Economy News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry
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