# ​Vietnam’s central bank to maintain zero percent interest-rate on US dollar savings

> The State Bank of Vietnam said it will keep the zero percent interest rate on US dollar savings, which it has held since 2015, because it considers the timing wrong for an increase. This is despite three Federal Reserve rate hikes in 2017. Local officials warned that dollar holders may move savings overseas.

- Date: 2017-12-20 · published 2017-12-20T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/67774-vietnam-s-central-bank-to-maintain-zero-percent-interest-rate-on-us-dollar
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Keeping dollar deposit rates at zero supports the dong and central bank reserves, but a capital outflow would add pressure on the currency and on import costs for feed.

## Sources

- news.tuoitre.vn: https://news.tuoitre.vn/vietnams-central-bank-to-maintain-zero-percent-interest-rate-on-us-dollar-savings-10343247.htm

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