Banks should continue reducing interest rates: central bank governor

Banks should continue reducing interest rates: central bank governor

Banks should continue cutting costs in order to reduce interest rates, Governor Nguyen Thi Hong of the State Bank of Vietnam said at the government’s Thursday meeting on boosting credit growth for the economy.

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

Treasury Secretary Yellen backs Vietnam development

Treasury Secretary Yellen backs Vietnam development

The U.S. Department of the Treasury (USDT) is supportive of Vietnam’s growth and economic transformation, which are good for both the Vietnamese and the American people, USDT Secretary Janet Yellen said Thursday.

Politics - 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

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