State Bank of Vietnam cuts interest rate

Central bank says Vietnam’s economic growth has faced difficulties

State Bank of Vietnam governor Nguyen Thi Hong
SBV governor Nguyen Thi Hong

Vietnam’s central bank decided to cut a key interest rate on March 31 to support economic growth, the second rate cut in a month.

The State Bank of Vietnam lowered its benchmark refinancing rate by 50 basis points from 6% to 5.5%. It kept the discount rate unchanged at 3.5% and held the overnight interbank lending rate at 6%. The decisions took effect on April 3.

The SBV also lowered the ceilings for interest rates on dong-denominated deposits by 50bp to between 0.5% and 6%, depending on their

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

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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