Deputy Prime Minister Nguyen Van Thang requested that interest rates on loans be kept as low as possible to provide maximum support for businesses and the economy.
On the morning of April 10th, many commercial banks reduced interest rates following the State Bank of Vietnam's banking policy implementation meeting yesterday afternoon.
At a meeting with the State Bank of Vietnam on the afternoon of April 9th, commercial banks agreed to reduce deposit and lending interest rates as soon as possible.
On December 10, the US Federal Reserve (Fed) cut interest rates by 0,25 percentage points for the third consecutive time, bringing the benchmark interest rate to its lowest level since November 2022.
The US Federal Reserve (Fed) has approved its first interest rate cut in nine months, and has signaled two more cuts before the end of the year.
Minister of Finance Nguyen Van Thang stated that the socio-economic situation in July continued to maintain a positive trend, achieving many important and outstanding results.
The US Federal Reserve (Fed) decided on July 30 to keep the benchmark interest rate unchanged despite pressure from President Donald Trump in recent times.
The State Bank of Vietnam (SBV) has requested credit institutions to restructure loan repayment terms, consider waiving or reducing interest rates, and continue providing new loans to support customers in recovering after Typhoon Wipha.
In the last six months of the year, the State Bank of Vietnam has requested commercial banks to find solutions to further reduce lending interest rates.
Previously, the Prime Minister issued a directive requesting immediate inspection and investigation of banks that have increased deposit interest rates recently.
Prime Minister Pham Minh Chinh has just sent a telegram to the Governor of the State Bank of Vietnam regarding strengthening the implementation of measures to reduce interest rates.
The Prime Minister has decided to reduce the lending interest rate by 2% per year for customers borrowing from the Social Policy Bank who were affected by Typhoon No. 3 (Yagi).
The State Bank of Vietnam has just issued công văn (official document) No. 9774/NHNN-CSTT regarding stabilizing deposit interest rates and striving to reduce lending interest rates.
Experts recommend reducing corporate income tax for social housing project developers to 6% instead of the current 10% and lowering interest rates for homebuyers.
When the Fed lowers interest rates, the US dollar will depreciate, positively impacting Vietnam; however, experts believe that the impact in this adjustment will be insignificant.
Trong báo cáo gửi Quốc hội, Ngân hàng Nhà nước cho biết, sẽ cân nhắc can thiệp thị trường vàng nếu cần thiết với khối lượng, tần suất phù hợp để ổn định thị trường.
China has announced a range of measures to support its weakening economy, stabilize the real estate sector, and restore market confidence.
For the first time since 2020, the Fed has cut interest rates by 0,5%, which experts believe will have an impact on the Vietnamese economy.
For the first time since 2020, the US Federal Reserve (Fed) has cut interest rates by 50 basis points, or 0,5%.
The Prime Minister instructed credit institutions to facilitate access to capital for businesses and individuals, directing credit towards production and business activities and priority sectors.
The State Bank of Vietnam (SBV) has recently sent a document to credit institutions and branches of foreign banks requesting them to implement several measures regarding credit and interest rates.
Lending interest rates decreased in 2023 but not as much as expected, so the question is, what will lending interest rates be like in 2024?
Following Vietcombank, the remaining banks in the Big4 group continued to lower deposit interest rates.
From the beginning of 2024, Agribank continued to adjust and reduce lending interest rates to support people and businesses in borrowing capital to overcome difficulties and stabilize production and business.
By the end of November 15th, two more banks had further reduced deposit interest rates, bringing the 6-month term interest rate to below 5% per year.
With deposit interest rates falling sharply, a flow of money will pour into real estate, the stock market is hitting its bottom, and more positively, a large amount of money will be invested in production and business.
From November 1st to December 31st, 2023, Agribank continued to reduce lending interest rates to support and assist customers in overcoming difficulties in the post-COVID-19 period.
According to Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu, lending interest rates of commercial banks have decreased by 2-2,2%, exceeding the SBV's expectations.
Deposit interest rates at most banks are 0,2-0,5% lower per year compared to the beginning of last month, with some banks reducing interest rates by more than 1% per year in just the past month.
With consistently offering preferential interest rate policies and implementing interest rate reduction measures, TPBank has accompanied its customers through three-quarters of 2023.
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