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interest rate
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Depositors frustrated by plunging interest rates
Depositors who enjoyed high returns last year due to elevated interest rates are now facing disappointment, as banks have dragged their rates to record low levels amid economic challenges
Vietcombank pushes deposit interest rates to record low
State-owned lender Vietcombank, Vietnam’s biggest lender by market cap, has cut its interest rate for one-month deposits to a record low of 2.4%.
Interest rate cut expected to stimulate demand for home loans
Banks are reducing lending interest rates by 1-3% per year compared to 2022 to stimulate demand for home loans in the wake of the loan decline.
September 19, 2023 | 02:20 am PT
Property market expects money inflows following lending rate cuts
Continuous interest rate cuts and support policies are gradually proving effective, helping ease difficulties facing the real estate market, experts have said.
August 18, 2023 | 11:40 pm PT
Housing developers go to great lengths to attract reluctant buyers
To spur demand, some housing developers are offering to pay interest on bank loans for buyers for eight years, instead of the usual one to two years.
August 16, 2023 | 08:45 pm PT
Cutting rates too quickly could lead to credit risk
The Government has introduced measures to stimulate credit growth to spur the economy, but experts are concerned loans could flow into risky industries that are the most capital thirsty with high absorption capacity.
August 9, 2023 | 08:13 pm PT
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.
June 25, 2023 | 11:58 pm PT
SBV’s policy rate likely to drop to 4%: HSBC
The State Bank of Vietnam (SBV) has delivered cuts to its policy rate three times in less than three months, each time of 50 basis points, to assist the country’s economic growth via the credit channel.
June 19, 2023 | 11:59 pm PT
Central bank says interest rates to remain high for now, seeks businesses’ ‘understanding’
State Bank of Vietnam governor Nguyen Thi Hong said bank lending rates would be reduced at the appropriate time but remain high for now to achieve macro targets.
May 11, 2023 | 07:38 pm PT
Bank deposit interest rates keep falling
Banks have been steadily cutting deposit interest rates, which have reached around 8%, a move aimed at reducing lending rates to support businesses.
May 9, 2023 | 02:11 am PT
Why haven't big banks reduced lending interest yet?
It is the enterprises and the people who support the strong development of large banks, so at this time, it is very necessary for the joint effort and unity of the banks to work for us.
May 3, 2023 | 04:00 pm PT
Banks to get 0% interest loans during runs under proposed law changes
Banks facing a risk of insolvency due to a run could receive interest-free loans from the central bank and other agencies if proposed changes to the laws are approved.
April 19, 2023 | 07:10 pm PT
Social housing buyers can borrow at 8.2% interest rate
Buyers of social housing buyers will be able to borrow from a VND120 trillion ($5.08 billion) government support package at annual interest rate of 8.2%.
April 3, 2023 | 05:56 pm PT
Deposit interest rates tumble
Banks have cut deposit interest rates from 0.1-0.7 percentage points in the past two weeks, bringing the general interest rate down to less than 9% a year.
March 28, 2023 | 03:00 am PT
Banks paying stingier interest rates to depositing customers
Ten banks have reduced deposit interest rates by 0.3-1 percentage points over the last two week.
March 5, 2023 | 06:14 pm PT
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