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interest rate
Bank loan interest rates down nearly 1 point this year

Bank loan interest rates down nearly 1 point this year

Banks’ average lending interest rate was 8.3% as of the end of June, down 0.96 percentage points for the year, according to the State Bank of Vietnam.
Central bank demands lending rate cuts, growth target to be met

Central bank demands lending rate cuts, growth target to be met

Government urged to close gap between domestic and global gold prices

Government urged to close gap between domestic and global gold prices

Bank of England set to hold rate at 16-year high

Bank of England set to hold rate at 16-year high

The Bank of England was set Thursday to keep its main interest rate at a 16-year high, resisting a cut as U.K. inflation cools at a slower pace than forecast.
May 8, 2024 | 09:52 pm PT
Depositors frustrated by plunging interest rates

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
December 27, 2023 | 09:08 pm PT
Vietcombank pushes deposit interest rates to record low

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%.
November 30, 2023 | 08:38 pm PT
Interest rate cut expected to stimulate demand for home loans

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

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

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

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

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

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’

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

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?

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
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