Banks must lower lending rates: Prime Minister

Banks must lower lending rates: Prime Minister

Commercial banks must reduce costs to cut lending interest rates in support of production and economic recovery, says Prime Minister Pham Minh Chinh.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Credit expansion limit raised by 1.5-2 percentage points

Credit expansion limit raised by 1.5-2 percentage points

The State Bank of Vietnam raised its credit growth cap for the country's banking system by 1.5-2 percentage points on Monday to 15.5-16%, citing external impacts have abated while bank liquidity improved.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Central bank to maintain 14% credit growth cap

Central bank to maintain 14% credit growth cap

The State Bank of Vietnam will maintain the banking system's credit growth cap for this year at 14% because lifting it would impact industry liquidity and interest rates, says its deputy governor.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Central bank declines to lift credit growth cap

Central bank declines to lift credit growth cap

The State Bank of Vietnam has stuck to its 14% credit growth cap for this year over inflation risk concerns.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Banks likely to have credit expansion at end-Q3: broker SSI

Banks likely to have credit expansion at end-Q3: broker SSI

Banks are forecast to have a credit expansion at the end of the third quarter of 2022, according to top broker Saigon Securities Incorporation.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

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