Library

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 24th, 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 21st 2012, replacing Decision No. 1289/QD-NHNN on June 29th 2012.

Tuan Nguyen

Recent Posts

Vietnam Company Location Strategy: 8 Checks Before Signing an Office, Factory or Warehouse Lease

A lease can be commercially attractive and still does not comply in legal consideration. The…

1 hour ago

Property Sale Contract in Vietnam: 8 Clauses Foreign Buyers Should Understand

A property sale contract in Vietnam should protect the buyer against risks involving payment, legal…

3 hours ago

Buying a Vietnamese Company: 10 Legal Checks Before a Foreign Investor Signs

An operating company can provide licences, people, customers and facilities faster than a new business…

1 day ago

Real Estate Deposit Agreement in Vietnam: 7 Risks Before Transferring Money

A real estate deposit agreement transaction in Vietnam can decide the buyer’s risk before the…

1 day ago

Joint Venture Governance in Vietnam: 10 Protections Foreign Investors Should Negotiate

Joint venture disputes rarely begin with the legal percentage alone. They begin when one partner…

2 days ago

How to Start a Business in Vietnam: 10 Steps for Company Setup and Launch

To understand how to start a business in Vietnam, separate company registration from legal readiness…

5 days ago

This website uses cookies.