Prime Rate Retained at 8%

4:11:53 PM | 3/2/2010

The State Bank of Vietnam (SBV) decided to keep the prime rate for the local dong at 8 % per annum in March. This rate has been applied since December 1, 2009.
Previously, HSBC Bank forecast that the Vietnamese central bank will raise the benchmark rate by 1 % amidst growing inflationary pressures.
T.Y