March 12, State Bank of Vietnam Governor Nguyen Van Binh announced decision to reduce commanding interest rate of the bank against deposits of individuals and organizations applicable from and on March 13.
Accordingly, loans facilities are applied with 14% a year, interbank e-commerce to 15%, discount account to 12%, time deposits of below 1 month to 5%, and on demand deposits to 13%. As for public credit funds, the rate is adjusted to 13.5% a year.
Reported by H. Ngan - Translated by Vi Bao












