SBV Governor explains high lending rates, credit room management

SBV Governor explains high lending rates, credit room management

Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong provided explanations regarding the high lending rates and credit room management during a plenary session of the 15th National Assembly’s ongoing fifth meeting in Hanoi on June 1.
Great pressure on deposit interest rates, lending rates may increase

Great pressure on deposit interest rates, lending rates may increase

With the current situation, there are many concerns that deposit and lending interest rates may continue to increase due to the recovery of capital needs for business activities after the pandemic.
Lending rates expected to be stable thanks to State support package

Lending rates expected to be stable thanks to State support package

Lending interest rates in the remaining months of this year will stay relatively stable to help firms recover production after the pandemic.
Many incentives but do firms really enjoy low lending rates?

Many incentives but do firms really enjoy low lending rates?

The credit demand of businesses is increasing as the economy is active again, so it is likely to impact lending rates at banks.
Interest rate can set new ground: Going up or down?

Interest rate can set new ground: Going up or down?

Forecasts show that interest rates will establish new ground in the second quarter of 2021. Meanwhile, many said that the economy still has many problems that could push interest rates up.
Bank interest in 2021 will remain at low level

Bank interest in 2021 will remain at low level

In 2020, banks’ deposit interest rates plummeted, of which interest rates for one and two-month terms fell to an unprecedented level at 2.55% year.
Banks unexpectedly cut lending rates to aid businesses

Banks unexpectedly cut lending rates to aid businesses

Some banks have unexpectedly announced they would cut interest rates on VND loans in the Government’s priority sectors to support firms in 2019, starting from August 1.
Vietnam’s central bank to ease lending rates

Vietnam’s central bank to ease lending rates

The State Bank of Vietnam (SBV) buying net 4 billion USD in January may be the way to lower Vietnamese dong lending rates.
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