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Articles under: interest rates
News highlights for April 1, 2023
Find out the latest news about Hanoi and Vietnam in a five-minute brief.
Vietnam c.bank calls for lower interest rates in July
As the pandemic continues to persist, stronger measures are needed to restructure debts and lower interest rates for customers.
Interest rates likely to raise at end of first quarter
A low-interest rate environment in long term could make capital available for other investment channels, so banks are under pressure to readjust their savings mobilization rates to better attract idle capital.
Prime Minister urges banks to further cut interest rates
The Central bank has lowered its interest rate cap three times by a combined of 1.5-2 percentage points per annum, which is the largest cut in the region.
Vietnam credit growth hits 10.14% as of December 21
The banking system has been providing support for 590,000 customers, mainly in forms of debt restructuring or freezing and waiving debt payment with outstanding loans worth over VND1,000 trillion (US$43.31 billion).
Vietnam banks promote loans with low interest rates by year-end
Given abundant liquidity and low demand for credit, banks are offering attractive loans during the year-end period.
Vietnam c.bank’s latest policy rate cut to have limited impacts on economy
The decrease in short-term deposit rates at commercial banks was mainly driven by the excess liquidity when credit growth was slow at only 5.12% year-on-year as of September 22.