# When money is no longer cheap - VCCI - Vietnam Chamber of Commerce and Industry

> Vietnamese dong interest rates are settling at a higher level after a volatile 2025, and analysts expect limited room for rate cuts in 2026. UOB expects the State Bank of Vietnam to hold its refinancing rate at 4.5%, while deposit rates may rise 0.5-1 percentage point as credit demand outpaces money supply growth.

- Date: 2019-08-22 · published 2019-08-22T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/57909-when-money-is-no-longer-cheap-vcci-vietnam-chamber-of-commerce-and-industry
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Higher dong borrowing costs raise financing costs for feed mills and livestock producers, which can slow expansion and weigh on feed demand in Vietnam.

## Sources

- en.vcci.com.vn: https://en.vcci.com.vn/economic-news/when-money-is-no-longer-cheap-115181

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.