The State Bank of Vietnam held its benchmark interest rate at 6.0 percent during its March meeting, but slashed its annual rediscount rate, overnight electronic interbank rate, and interest rate for loans by 1 percentage point each to increase liquidity and support economic growth. It was the first such move since October 2020, following a series of rates increases over the past year. Policymakers notes that it was part of the government's efforts to stabilize interest rates and to boost lending to businesses and individuals amid an uncertain global economic outlook. The central bank also said the inflation was under control, suggesting there might be more room for further rate cuts. The Southeast Asian country grew 8.02 percent in 2022, the fastest in decades, and expects to expand 6.5 percent this year. source: The State Bank of Vietnam
The benchmark interest rate in Vietnam was last recorded at 4.50 percent. Interest Rate in Vietnam averaged 6.74 percent from 2000 until 2024, reaching an all time high of 15.00 percent in June of 2008 and a record low of 4.00 percent in September of 2020. This page provides the latest reported value for - Vietnam Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Vietnam Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.
The benchmark interest rate in Vietnam was last recorded at 4.50 percent. Interest Rate in Vietnam is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Interest Rate is projected to trend around 4.00 percent in 2024, according to our econometric models.