According to experts, interest rates are merely a catalyst; the essence is a rebalancing process, and for the market to develop sustainably, it cannot rely on cheap credit for too long.
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.
Recently, interest rates have been trending downwards; however, according to experts, whether interest rates will rise or fall in the future will depend on many factors.
When lending money, what should be included in a loan agreement? You need to be aware of the following points, especially including a crucial clause to minimize the risk of default.
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.
According to experts, rising interest rates are causing volatility in the real estate market, but this also presents an opportunity for long-term investors.
Rising interest rates are putting immense pressure on homebuyers to repay their loans, while their incomes are not increasing.
Banks have collectively reduced deposit interest rates following the Prime Minister's directive, so when can lending interest rates be lowered to make it easier for people and businesses to access capital?
The outstanding credit balance of the five largest state-owned banks, including Agribank, Vietcombank, Vietinbank, MB, and BIDV, is nearly 7,73 million billion VND, accounting for 49,5% of the total outstanding credit balance of the economy.
Many banks reduced deposit interest rates following a meeting with the State Bank of Vietnam on February 25th to discuss measures to stabilize deposit interest rates.
In February 2025, mortgage interest rates at banks remained relatively stable compared to January 2025.
What will deposit interest rates be like at the beginning of 2025 after the continuous increase that occurred at the end of 2024?
As a result of the State Bank's efforts, the current lending interest rate has decreased by approximately 0,96% per year compared to the end of 2023.
The recent continuous rise in deposit interest rates has raised the question: Will lending interest rates fall further between now and the end of the year?
In the context of increasingly fierce competition, banks are constantly launching home loan packages with preferential interest rates to attract customers.
Borrowing money to cover tuition fees is common, but one of the most important concerns for students is the interest rate on those loans.
Entering September 2024, interest rates for home, land, and real estate loans at many commercial banks showed signs of increasing again.
With banks continuously adjusting deposit interest rates upwards recently, the question is whether bank interest rates will continue to rise or fall in the second half of this year?
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.
In early April, many banks launched home loan packages with interest rates as low as 5-6% per year, the lowest interest rate in many years.
Nam A Bank is implementing a reduction in lending interest rates for individual customers, with attractive preferential interest rates starting from just 7,0%/year.
As of the end of January 2024, the average deposit and lending interest rates for new transactions had decreased by 0,15% and 0,25% respectively compared to the end of 2023.
Home loan interest rates in January 2024 were pushed down to a new, lower level, with the current lowest rate being 5,9% per year.
According to Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu, lending interest rates across all maturities are currently at their lowest levels in the past 20 years.
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.
Even though mortgage interest rates have fallen to their lowest level, below 6% per year, people are still reluctant to borrow because the preferential period is too short.
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.
From now until December 31, 2023, HDBank is implementing a VND 5.000 billion credit package specifically for new businesses with attractive interest rates, starting from only 6,4% per year.
Finance companies often lend money at higher interest rates than commercial banks. Why is that?
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