Central bank maintains 9% prime rate

The State Bank of Vietnam (SBV) has decided to keep the prime interest rate in Vietnamese dong unchanged at 9 percent per year.

The decision No.2868/QD-NHNN, which was issued on Nov. 29, will take effect from December 1 to replace Decision No.2619/QD-NHNN issued on Nov.5 by the Governor of the State Bank.

This is the second consecutive month the prime interest rate remains at 9 percent. Earlier, a prime interest rate of 8 percent was applied for nearly 12 months.

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