Interest rate management: From high rates to loosening

Interest rate management: From high rates to loosening

VCN - In 2023, many times the leaders of the State Bank of Vietnam (SBV) had to express that: operating monetary policy has never been so difficult because of impacts from many directions. Therefore, finding a balance for monetary policy to support the ec
Year-end credit growth problems

Year-end credit growth problems

VCN - Due to the modest credit growth results in nearly 11 months of 2023, the State Bank (SBV) has decided to redistribute the credit "pie" with the expectation that it will help banks proactively boost lending.
Find a balance for controlling inflation and managing interest rates

Find a balance for controlling inflation and managing interest rates

VCN - To be proactive in management, price regulation and inflation control in the remaining months of the year, flexible monetary policy with appropriate interest rates is an important solution that needs to be implemented.
Further interest rate cut proposed to support SMEs

Further interest rate cut proposed to support SMEs

The Ministry of Planning and Investment (MPI) has proposed the government provide further support for Vietnamese small- and medium-sized enterprises (SMEs), including an interest rate reduction of another 2 percentage points per year.
Interest rates continue to decrease further to push money out into the economy

Interest rates continue to decrease further to push money out into the economy

VCN - Interest rates on both the interbank and transaction markets among banks, people and businesses continued to decrease.
Establishing a trend of decreasing interest rates for the market

Establishing a trend of decreasing interest rates for the market

VCN - The State Bank of Vietnam (SBV) has decided to further reduce some operating interest rates for the fourth time this year since June 19. This move is considered by experts to be strong and appropriate in the current context.
Interest rate cut contributes to supporting economic growth: economists

Interest rate cut contributes to supporting economic growth: economists

The State Bank of Vietnam (SBV) has cut regulatory interest rates for four consecutive times since the beginning of this year, in the context that world interest rates continue to rise and stay at a high level.
Interest rate cut expected to pump economy up

Interest rate cut expected to pump economy up

The State Bank of Vietnam (SBV) is cutting down a series of key interest rates by 0.25%-0.5% from June 19, which is expected to make a double impact on the economy thanks to stronger credit activities and higher liquidity.
Deputy Governor of SBV: Interest rates are falling

Deputy Governor of SBV: Interest rates are falling

VCN - With the current movements and directions on reducing interest rates, Deputy Governor of the State Bank of Vietnam (SBV) Pham Thanh Ha expressed his belief that the interest rate level will decrease soon.
Almost all banks cut 6-month deposit interest rate to below 8%/year

Almost all banks cut 6-month deposit interest rate to below 8%/year

Almost all banks in Vietnam have cut interest rates for deposits for terms from six months and above to below 8% per year.
Difficult to achieve the target, aggressively deploying the two percent interest rate support package

Difficult to achieve the target, aggressively deploying the two percent interest rate support package

VCN - Commercial banks expect the amount of interest rate support in 2023 to be about VND 2,435 billion. However, according to a representative of the State Bank (SBV), the ability to achieve this target is difficult.
Liquidity of enterprises is still difficult; loan interest has not been reduced commensurately

Liquidity of enterprises is still difficult; loan interest has not been reduced commensurately

VCN - From the beginning of May until now, many banks have further reduced deposit interest rates for all terms, but lending rates have remained relatively high.
Government Bond Interest Rate plunges

Government Bond Interest Rate plunges

VCN - The total value of winning bids reached VND35,446 billion, meeting 69.5% of the bid value. In the first quarter of the year, the State Treasury mobilized VND104,873 billion, reaching 97.1% of the plan for the first quarter and 26.22% of the annual p
Deposit rates fell quickly but lending rates fell slowly

Deposit rates fell quickly but lending rates fell slowly

VCN - Currently, on the interbank market, interest rates have decreased for nearly two weeks. In the week to the end of March, according to the SBV, the average overnight interbank rate in VND has dropped sharply to only 1.55%/year.
Ensuring the stable development of the real estate market

Ensuring the stable development of the real estate market

VCN - The Government has just issued Resolution No. 33/NQ-CP dated March 11, 2023 on a number of solutions to remove and promote the safe, healthy and sustainable development of the real estate market. The Government requires regular monitoring and eff
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