The central bank of Vietnam lowered its benchmark refinancing rate by to 4.5% from 5% on May 12th 2020, aiming to minimize the impact of COVID-19 epidemic on the economy.
Interest Rate in Vietnam averaged 7.15 percent from 2000 until 2020, reaching an all time high of 15 percent in June of 2008 and a record low of 4.50 percent in May of 2020. This page provides the latest reported value for - Vietnam Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Vietnam Interest Rate - values, historical data and charts - was last updated on May of 2020. source: The State Bank of Vietnam
Interest Rate in Vietnam is expected to be 4.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Vietnam to stand at 5.00 in 12 months time. In the long-term, the Vietnam Interest Rate is projected to trend around 5.00 percent in 2021, according to our econometric models.