Business

Central bank revises up interest rates by 1% from October 25

The State Bank of Vietnam on October 24 decided to revise up several interest rates by 1%, starting from October 25.
Central bank revises up interest rates by 1% from October 25 ảnh 1The headquarters of the State Bank of Vietnam (Photo: VNA)
Hanoi (VNA) - The State Bank of Vietnam on October 24 decided to revise up several interest rates by 1%, starting from October 25.

Accordingly, the refinancing interest rate will be set at 6% per year, rediscount at 4.5%, and overnight inter-banking lending rate at 7%.

Central bank revises up interest rates by 1% from October 25 ảnh 2Illustrative image (Photo: VNA)

The maximum interest rate for non-term and one-month deposits in VND is capped at 1% annually and that for 1-6 month deposits, 6%.
Deposits of 1-6 months at people’s credit funds and micro-finance organisations will enjoy an annual interest rate of 6.5%.

Meanwhile, the maximum short-term lending interest rate in VND at credit institutions for the capital demand for a number of economic sectors increased to 5.5%, and those at people’s credit funds and micro-finance organisations to 6.5%./.
VNA
#State Bank of Vietnam #refinancing interest rate #inter-banking lending rate #Vietnamplus #Vietnam news #Vietnam News Agency
Follow VietnamPlus

Related News

SBV to keep close watch on Fed moves: Governor

SBV to keep close watch on Fed moves: Governor

The State Bank of Vietnam (SBV) will persist in monetary policy management solutions towards macroeconomic stability, but closely follow all developments to manage the situation in an appropriate manner, SBV Governor Nguyen Thi Hong said, given the Federal Reserve System (Fed)’s latest interest rate increase.
Deposit interest rates continue to rise

Deposit interest rates continue to rise

Viet Capital Bank has unveiled a certificate of deposit for individual and institutional customers with an interest rate of up to 8.4% depending on the tenor.
Economic recovery plan to boost national growth

Economic recovery plan to boost national growth

Vietnam should focus on accelerating the disbursement of public investment and the economic recovery programme in the next two years to promote national growth, according to Le Thi Thuy Van, deputy director of National Institute for Finance under the Ministry of Finance.

See more

Many banks in Vietnam promote green credit for sustainable growth. (Photo: VNA)

State bank launches tool to facilitate green finance

As of March 2025, 58 credit institutions in Vietnam had outstanding green loans, a sharp increase from 15 in 2017. The average growth rate of outstanding green loans in the 2017-2024 period reached over 21% per year, higher than the growth rate of outstanding loans for the economy.

Deputy Minister of Industry and Trade Nguyen Hoang Long said Vietnam supports ASEAN's stance in developing comprehensive, flexible, and practical strategic approach to strengthen intra-bloc economic autonomy. (Photo: Ministry of Industry and Trade)

Vietnam backs ASEAN’s strategic approach to economic resilience, partnership

Vietnam vows continued close coordination with ASEAN and partner countries to identify cooperation opportunities in potential areas of mutual interest, including effectively leveraging the ASEAN-China Free Trade Agreement (ACFTA 3.0) and the Regional Comprehensive Economic Partnership (RCEP) to address current challenges and work towards a transparent, stable, and fair international trade environment.