Interest Rate in Vietnam
Vietnam - Interest Rate
Bank of Vietnam cuts deposit rate cap to support lending growth
On 28 October, the State Bank of Vietnam (SBV) decided to reduce its dong deposit rate cap for terms of one to six months from 6.0% to 5.5%. Meanwhile, the SBV left its discount, refinance and repurchase rates unchanged at 4.5%, 6.5% and 9.0%, respectively.
The Bank decided to cut the deposit rate cap in an effort to support economic growth and revive lending. Lower interest rates could help the country meet the government’s 12%-14.0% credit growth target. The Bank stated that it would closely monitor domestic and global economic developments in order to ensure the stability of the exchange rate and the money market.
Met the why particular Consensus Forecast panelists expect a refinancing rate of 6.31% in 2014. Panelists see the Bank increasing rates next year to 6.86%.
Vietnam - Interest Rate Data
|Policy Interest Rate (%)||7.00||6.50||6.50||6.50||6.25|
5 years of economic forecasts for more than 30 economic indicators.
Vietnam Interest Rate Chart
Source: State Bank of Vietnam.
|Bond Yield||5.11||-0.13 %||Sep 20|
|Exchange Rate||23,323||0.01 %||Sep 20|
|Stock Market||1,005||0.15 %||Sep 20|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
September 4, 2018
Vietnam’s manufacturing sector lost steam for the second consecutive month, as reflected by a fall in the Nikkei Purchasing Managers’ Index (PMI) reported by IHS Markit.
August 31, 2018
According to the General Statistics Office of Vietnam, consumer prices rose 0.45% over the previous month in August, contrasting a 0.09% month-on-month decline in July.
August 31, 2018
Vietnam’s industrial sector continued expanding at a strong pace in August, with output expanding 13.4% year-on-year, slightly down from 14.3% in July.
August 1, 2018
Vietnam’s manufacturing sector lost pace in July, as reflected by a drop in the Nikkei Purchasing Managers’ Index (PMI) reported by IHS Markit, which fell from 55.7 in June to 54.9.
July 31, 2018
Vietnam’s industrial sector grew at a strong pace of 14.3% in annual terms in July, up from a 12.3% year-on-year expansion in June. A breakdown of the data shows an improved performance by the mining and quarrying, manufacturing, and electricity supply sectors.