Accordingly, the basic interest rate in VND will stay at seven percent per year; the refinancing rate is set at seven percent and the rediscount rate between the SBV and all credit organisations at five percent per year.

According to the SBV, some commercial banks have increased their deposit interest rates in VND and US$ accounts by 0.3 percent per year.

The adjustment is thought to be appropriate for Joints Stock Banks and will not affect the general interest rate.