The
State Bank of Vietnam (SBV) reported on Monday that on January 5, 2012, the
lending interest rate on the interbank market tended to decrease in many loan
terms compared to January 3, 2012.
The biggest fall was seen for terms of from
1-month to 12-months, by 0.48-2.16 percent per year.
However, although decreasing 2.16 percent
compared to January 3, the interest rate for 12-month term on January 5 still
remained high at 20.64 percent per annum (p,a.).
Reportedly, on January 3, there had been
successful transactions with turnover of three billion dong at the interest
rate of 22.8 percent p.a. The interbank market refers to the capital borrowing
market amongst banks together.
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