A number of new regulations on interest rate from November 20, 2024

The State Bank of Vietnam issues a number of Circulars providing the application of interest rates applicable to Vietnam-dong deposits of organizations and individuals at credit institutions and foreign bank branches

In particulars:

- Circular No. 48/2024/TT-NHNN providing the application of interest rates applicable to Vietnam-dong deposits:  Credit institutions shall apply their interest rates applicable to VND deposits of organizations and individuals which must not higher than the maximum interest rate applicable to demand deposits, deposits with a term of less than one month, and deposits with a term of one month to less than six months.

- Circular No. 47/2024/TT-NHNN amending forms of deposits eligible for early withdrawal from certificates of deposits, promissory notes, treasury bills, bonds issued by credit institutions to certificates of deposits issued by credit institutions.