Base interest rate remains unchanged at 8% p.a.

The Governor of the State Bank of Vietnam (SBV) issued Decision No.2024/QĐ-NHNN on August 25 on keeping the base interest rate unchanged at 8% p.a. The decision will take effect from September 1st, 2010.

It is notable that the VND base interest rate has remained unchanged for the 10th consecutive month.

On the same day, the SBV also issued Document No.316/TB-NHNN to keep other interest rates unchanged as compared to the previous month. In particular:

- The refinancing interest rate is 8% p.a.,

- The discount rate is 6% p.a., and

- The overnight rate in the inter-bank electronic payment and the rate of loans to finance short balances in clearing transactions between SBV and commercial banks is 8% p.a.

Diem Hang

sbv

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