Lending interest rates in the remaining months of this year will stay relatively stable to help firms recover production after the pandemic.
The State Bank of Vietnam (SBV) won't be in a rush to tighten monetary policy right away to promote economic recovery, even though the FED continues to raise rates.
In July, the “race” of deposit interest rates became even stronger when there were banks that increased by 1% as well as the continued participation of big banks.
The interest rate level for savings accounts continued to increase in the early days of June 2022, and the interest rate "race" now has the participation of the "big"...
Despite the fact that deposit rates have been rising, lending rates may continue to fall as a result of supportive policies.
The State Bank of Vietnam (SBV) is expected to keep its supportive monetary policy in place for at least the next 3-6 months to help the economy recover.
Deposit rates may inch up by 0.5% in 2022, while lending rates will likely increase slightly, according to KB Securities.
The deposit rates could go up further in the coming months due to a rise in inflation pressure, fierce competition from other markets….
The lending rates could decrease further, but deposit rates is expected to pick up tenderly.
FY21F NIM improved across Vietnam commercial banks as declining funding cost largely offset asset yield contraction. What are the prospects for NIM in FY22F?
2022F system credit would be driven by a strong rebound in manufacturing and trading activities; low lending rates; higher public investment disbursement…
The lending rates couldn’t decrease significantly as banks must maintain high net interest income in correspondence with the current high net interest margin, said KB...
Commercial banks have continuously announced lending interest rate reductions to support and accompany customers to overcome the adverse impacts of the COVID-19 pandemic.
The Vietnam Bank for Agriculture and Rural Development (Agribank) on July 15 said it will cut lending rates in Vietnam dong for the fifth time.
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