1. Deposit interest rates
- The interest rates of deposits in VND: The average deposit interest rates in VND were at 0.1–0.2% p.a. for demand and below 1-month terms; 3.4–4.1% p.a. for 1-month to below 6-month terms; 4.6–5.5% p.a. for 6-month to 12-month terms; 4.9–6.1% p.a. for 12-month plus to 24-month terms; and 6.7–7.5% p.a. for 24-month plus terms.
- The interest rates of deposits in USD: The deposit interest rate in USD was 0% p.a. for both individuals’ and organizations’ deposits.
2. Lending interest rates
- The lending interest rates in VND: The average lending interest rates were between 6.5–8.9% p.a. for new loans and existing loan outstandings. The average short-term lending interest rate in VND for the priority sectors and areas was around 3.9% p.a., lower than the maximum short-term lending interest rate as regulated by the State Bank of Vietnam (4% p.a.).
- The lending interest rates in USD: The average lending interest rates for new loans and existing loan outstandings were between 4.0–5.0% p.a.
Translated by HM