Business

Prime interest rate kept at 8 percent

The State Bank of Vietnam (SBV) Governor Nguyen Van Giau on April 27 signed a decision to keep the prime interest rate unchanged at 8 percent per annum.
The State Bank of Vietnam (SBV) GovernorNguyen Van Giau on April 27 signed a decision to keep the primeinterest rate unchanged at 8 percent per annum.

The decision will take effect as from May 1, replacing Decision618/QD-NHNN regulating the prime interest rate issued by the SBVGovernor on March 25.

With this decision, the prime interest rate has stayed at unchangedfor the sixth month in a row.

Currently, deposit interest rates offered by local commercial banksare fluctuating around the level of 11.5 percent a year.
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