Banks have to lower lending interest rates to stimulate demand for new loans as credit growth falters and deposit interest rates have also dropped sharply.
According to the State Bank of Vietnam (SBV), by the end of May 2023, the economy's credit reached over VND 12.3 quadrillion, an increase of about 3.17% compared to the...
The remaining months of 2023 are forecast to continue to face many challenges with monetary policy management, as both the world and domestic economies are still...
Reducing interest rates, maintaining interest subsidies, hiking credit limits, and providing unsecured loans to manufacturing businesses are among the demands made by...
The recent sharp increase in deposit interest rates has pulled lending interest rates up by 3-4 percent per annum over the same period last year. In the face of highly...
Amid the context that central banks of many countries raised interest rates sharply, from September 23, the State Bank of Vietnam (SBV) decided to increase policy rates,...
Banks have continued to increase the highest deposit interest rate up to 1%/year. Experts believe that deposit interest rates will increase even faster in the last...
In the context of rising inflation, many banks have increased deposit interest rates to attract idle money. This step has caused many businesses to worry that lending...
Deposit interest rates at commercial banks will continue to decrease and remain at low levels in the coming months, analysts forecast.
The lending interest rate of commercial banks may ease further to support economic growth, especially for industries and customers heavily impacted by the COVID-19...
Many economic experts said that with the current credit scale of over VND10 quadrillion if banks reduce the lending interest rate by 0.5 percent per annum, enterprises...
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