This Decision is to increase the interest rate applicable to deposits in Vietnam dong with term of less than 6 months from 4% per annum under Decision No. 1729/QD-NHNN to 5% per annum. Particularly, people's credit Funds shall apply the interest rate of 5.5% per annum.
The interest rate of demand deposit and deposit with term of less than one month shall be also increased from 0.2% per annum to 0.5% per annum.
This Decision takes effect from September 23rd, 2022 and replaces Decision No. 1729/QD-NHNN dated September 30th, 2020.
|Published||Vietlaw's Newsletter No. 579|