Commercial banks to continue loan rate cuts: central bank

Commercial banks to continue loan rate cuts: central bank

Vietnamese banks have reduced loan interest rates by 1.5-2 percentage points from end-2022, exceeding the initially-expected decrease of 1.5 percentage points, and the trend is likely to continue.

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

Vietnam's central bank urges further lending rate cuts

Vietnam's central bank urges further lending rate cuts

Vietnam's banking sector has reduced deposit interest rates by 1-1.2 percentage points and loan interest rates by 0.5-0.65 percentage points in the first four months of this year, but further cuts are needed.

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

Credit expansion limit raised for banks with reduced interest rates

Credit expansion limit raised for banks with reduced interest rates

The latest increase in credit expansion limit will be prioritized for banks with strong liquidity and lending interest rate reductions, says the central bank's Deputy Governor Dao Minh Tu.

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

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