The State Bank of Vietnam (SBV) Governor Nguyen Van Giau signed a decision on April 27 to keep the prime interest rate unchanged at 8 percent per annum.
The decision will take effect as of May 1, replacing Decision 618/QD-NHNN regulating the prime interest rate issued by the SBV Governor on March 25.
With this decision, the prime interest rate has stayed at unchanged for the sixth month in a row.
Currently, deposit interest rates offered by local commercial banks are fluctuating around the level of 11.5 percent a year.
VNA/VOVNews
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