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||4.81||-0.13 %||Mar 20|
|Exchange Rate||23,211||0.01 %||Mar 20|
|Stock Market||1,002||0.15 %||Mar 20|
Get a sample report showing our regional, country and commodities data and analysis.
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.
March 1, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) edged down to a 35-month low of 51.2 points in February from 51.9 points in January, on muted demand and falling employment.
February 28, 2019
According to the General Statistics Office of Vietnam, consumer prices rose 0.80% in month-on-month terms in February, contrasting the 0.11% fall recorded in January.
February 28, 2019
Industrial production jumped 11.1% over the same month last year in February, accelerating from the revised 8.1% increase logged in January (previously reported: +7.9% year-on-year).
February 1, 2019
According to data released by Nikkei and IHS Markit, the manufacturing Purchasing Managers’ Index (PMI) fell to 51.9 points in January from 53.8 points in December, on broad-based weakness among the components.
January 29, 2019
Industrial production increased 7.9% over the same month of last year in January, moderating from the 11.4% rise registered in December.