THE MAXIMUM INTEREST RATE APPLICABLE TO USD DEPOSITS OF INDIVIDUALS DECREASED TO 0% PER YEAR
This information has just been declared by the State Bank of Vietnam at the Decision No. 2589/QD-NHNN dated December 17, 2015 On the maximum interest rate applicable to USD deposits of entities, individuals at credit institutions, foreign bank branches under the Circular No. 06/2014/TT-NHNN dated March 17, 2014.
In particular, instead of the interest rate of 0,25% promulgated at the end of September, 2015, from December 18, 2015, Maximum interest rate applicable to deposits of entities (other than credit institutions, foreign bank branches) to be of 0%/annum, and maximum interest rate applicable to deposits of individuals to be of 0%/annum. . Interest rates applicable to term USD deposits of entities, individuals at credit institutions arising prior December 18, 2015 shall be implemented until the expiry of the term.
This Decision takes effect on December 18, 2015 and replaces the Decision No. 1938/QD-NHNN dated September 25, 2015.
