Decision 2646/QD-NHNN on reducing operating interest rates

Decision 2646/QD-NHNN on reducing operating interest rates

State Bank of Vietnam (SBV) has announced to reduce 1% operating intertest rate.

Since December 24^th, the refinancing rate felt from 10% / year to 9% / year; re-discounted rate decreased from 8% / year to 7% / year.

Interest rate for overnight loans in the inter-bank online payment, lending and capital gap in the clearing of the SBV to the banks reduced from 11% / year to 10% / year.

This has been updated in the Decision 2646/QD-NHNN on December 21^st 2012, replacing Decision No. 1289/QD-NHNN on June 29^th 2012.