Developments of interest rates applied by credit institutions for their customers
June 2021
1. Mobilization interest rates
- The interest rates in VND: the mobilization interest rates in VND were between 0.1 – 0.2% p.a for demand and below 1-month terms, 3.1 – 3.8% p.a for 1-month to below 6-month terms, 4.0 – 5.9% p.a for 6-month to below 12-month terms; and 5.6% – 6.7% p.a for 12-month plus terms.
- The interest rates in USD: the mobilization interest rate in USD was 0% p.a for both individuals’ and institutions’ deposits.
2. Lending interest rates:
- The lending interest rates in VND: the interest rate cap for short-term loans was set at 4.5% p.a for a number of sectors and fields.
- The lending interest rates in USD: The average lending interest rates ranged between 3.0% – 6.0% p.a.
Translated by Le Hang