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Vietnam central bank sets reference rate for bank deposits at vbsp at 12.94% p.a.
The State Bank of Vietnam (SBV) on January 31 issued Dispatch No. 428/NHNN-CSTT to announce the reference interest rate of 12.94% per annum for deposits of credit institutions at Vietnam Bank for Social Policies (VBSP).
Specifically, the average deposit interest rate in the dong of credit institutions as of December 31, 2011, which serves as the basis to determine the dong interest rates on deposits of local credit institutions at the VBSP in 2012, would be 12.94% p.a., the dispatch said.
Credit institutions and the VBSP shall base on the reference rate set by the central bank and regulations in Circular No. 04/2003/TT-NHNN to negotiate and sign deposit contracts in 2012.
Source: businesstimes.com.vn
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- VBSP's Preferential Loan Scheme for Social Housing
- Journey of Poverty Reduction in Lang Son
- Leveraging Sustainable Livelihoods
- Quang Nam Widely Expands Policy Credit
- Policy credit as driving force for local economic development
- Conditions and preferential policies for loans to buy social housing in 2025
- DONG HOA - PHU HOA: Preliminary review of policy credit activities in the first quarter of 2025
- District 12 eradicates poverty with effective social policy credit programs
- How policy credit fuelled Ho Chi Minh City’s 50-year rise
- Enhance training on Cyber Safety and Security for VBSP’s customers
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