Interest Rates

With fewer concerns about currency and external stability, Vietnam’s central bank is likely to be more comfortable with delivering interest rate cuts to support growth.

Lower policy rates would enable commercial banks to cut interest rates in a more sustainable way, which in turn contribute significantly to economic recovery, said a central bank official.

The cut is applied to the refinancing interest rate, discount interest rate, and overnight lending rate.

The cut is made to refinancing interest rate, discount interest rate, and interest rate applicable to overnight loans, starting effective from today.