The Viet Nam Asset Management Company has decided to hike its reference interest rate on bad debts to 9.9 per cent from the fourth quarter, up from 9.7 per cent.
The interest rate would continue to be stable over the remaining
months of the year, the State Bank of Viet Nam (SBV) said in a report
released this week.
The interest rate for US dollar deposits would be reduced by 0.75 percentage point to 1.25 per cent per year as of tomorrow, according to a press
release from the State Bank of Vietnam (SBV).