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September 23, 2022 | 14:06

Vietnam increases operating interest rates

Following a decision by the US Fed on September 22, the State Bank of Vietnam (SBV) joined the global trend and increased operating interest rates for VND from 4 per cent to 5 per cent. The move will not really have an impact, however, because no bank has borrowed capital from the central bank for many years.

Vietnam increases operating interest rates
SBV headquarters in Hanoi.

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The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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