Refinancing interest rate and re-discount interest rate in Vietnam as of June 19, 2023

Refinancing interest rate and re-discount interest rate in Vietnam as of June 19, 2023

According to Decision 1123/QD-NHNN, the refinancing interest rate, re-discount interest rate, interest rate on overnight loans in interbank electronic payment and loans for making up fund deficits in clearing payment given by the State Bank of Vietnam to credit institutions and foreign bank branches are as follows:

- Refinancing interest rate in Vietnam: 5,0%/year.

(Meanwhile, according to Decision 950/QD-NHNN in 2023, the refinancing interest rate: 5,0%/year.)

- Re-discount interest ratein Vietnam: 3,%/year.

(Meanwhile, according to Decision 950/QD-NHNN in 2023, the re-discount interest rate: 3,5%/year.)

- Interest rate on overnight loans in interbank electronic payment and loans for making up fund deficits in clearing payment given by the State Bank of Vietnam to credit Institutions and foreign bank branches in Vietnam: 5,0%/year.

(According to Decision 950/QD-NHNN of 2023, Interest rate on overnight loans in interbank electronic payment and loans for making up fund deficits in clearing payment given by the State Bank of Vietnam to credit Institutions and foreign bank branches: 5,5%/year.)

Decision 1123/QD-NHNN takes effect from 19/6/2023 and replaces Decision 950/QD-NHNN dated 23/5/2023 on refinancing interest rate, re-discount interest rate, interest rate on overnight loans in interbank electronic payment and loans for making up fund deficits in clearing payment given by the State Bank of Vietnam to credit institutions and foreign bank branches.

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