Lending interest rates decrease slightly

Lending interest rates during last week saw slight decreases, according to statistics of the State Bank of Vietnam.

Specifically, the lending interest rate for loans in US dollar by State commercial banks reduced by 0.1% a year. The lending interest rates for loans in Vietnam dong by joint stock commercial banks were down by 0.15% to 0.18% a year. For loans in US dollar, the rates offered by joint stock commercial banks dropped by 0.55% to 0.39% a year.

In the meantime, the interest rates for deposits in Vietnam dong stayed still while that for deposits in US dollar declined by 0.22% to 0.4% a year compared to the previous week.

Specifically, interest rate for six-month term deposits in Vietnam dong by State commercial banks is around 17% a year and 17.26% a year for 12 month-term deposits. The rates offered by commercial joint stock banks were 18.04% a year and 17.78% a year, respectively.

ND

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