Vietnam raises rates for second consecutive month

The State Bank of Vietnam

The State Bank of Vietnam raised its policy rates on October 25 by 100 basis points to curb rising inflation. 

The SBV raised the refinancing rate from 5% to 6% and increased the discount rate from 3.5% to 4.5%.

This was the second consecutive meeting that the central bank had raised rates. The SBV had delivered a 100bp hike on September 22, after keeping its re-financing rate unchanged at 4% since late 2020.

The move comes just over a week after the central bank effectively devalued the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account