From March 26th 2013, the maximum interest rate applicable to deposits with a term of one month to 12 months is 7.5%/year. The 12-month interest rate on deposits will be set by the banks on the basis of supply and demand in capital market. In addition, short-term interest rate was reduced to 11%/year; particularly for … Read More
Directive 01/CT-NHNN dated January 31st 2013 of the State Bank of Vietnam on limiting the establishment and expansion of the bank To ensure the safe and effective banking operation in 2013, the State Bank of Vietnam instructed to closely manage the establishment and expansion of the bank’s network. Accordingly, only banks that are capable of … Read More
Decision 07/2013/QD-TTg of the Prime Minister on the financial regime of the State Bank of Vietnam The new legal capital of the State Bank of Vietnam (SBV) will be 10,000 billion VND, increased by 5,000 billion VND. Annually, the SBV may deduct 20% of their revenues and expenditures to fund the implementation of national currencies policy, increased … Read More
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