In order to prevent the holding of foreign exchange to contribute to effectively implementing the SBV’s measures of monetary policy and banking operation management in the last months of 2015 and basing on the comprehensive analysis of macroeconomic development, monetary market and foreign exchange situation, Governor of the State Bank of Vietnam (SBV) issued Decision No. 1938/QĐ-NHNN on September 25, 2015 on the maximum USD mobilizing interest rates for entities and individulas with credit institutions and foreign bank branches prescribed in Circular No.06/2014/TT-NHNN dated March 17, 2014.
Accordingly, the maximum USD mobilizing interest rate for entitites (excluding credit institutions and foreign bank branches) is 0% p.a and the maximum USD mobilizing interest rate for individuals is 0.25% p.a.
Decision No. 1938/QĐ-NHNN will take effect on September 28, 2015 and replace Decision No. 2172/QĐ-NHNN dated October 28, 2014 on the maximum USD mobilizing interest rates for entities and individulas with credit institutions and foreign bank branches prescribed in Circular No.06/2014/TT-NHNN dated March 17, 2014.
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