News & Events
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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- Enhance training on Cyber Safety and Security for VBSP’s customers
- Providing Career Opportunities for Ex-servicemen
- Diversifying inclusive funds to poor households
- Hanoi allocates VND 6,000 billion (approximately USD 240 million) for entrustment through VBSP
- Effectiveness of Policy Credit in the Highland Areas
- Over 120,000 Poor Households in Tay Ninh Have Been Able to Timely Access to Preferential Credit
- VBSP's Progress Report - Quarter 1/2025
- Hai Duong Farmers Change Their Lives Thanks to Preferential Credit
- VBSP Nam Dan District: Empowering Progress in the New Era
- Bringing Inclusive Fund to Remote Areas: Stories of Dedication
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