Vietnam Central Bank Tightens Control On Interest Rates in dong
The State Bank of Vietnam (SBV), the country’s central bank on July 24 issued a document requesting foreign banks & credit institutions to report interest rates in VND every week.
The move is said to help the central bank better understand about conditions of deposit and lending interest rates in dong by foreign banks & credit institutions to serve its monetary policy
These foreign banks & credit institutions will have to report to the SBV prior to 15:00 every Thursday.
The new document replaced document No 2757/NHNN-CSTT by SBV on May 9, 2012.
Category: Legal
