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loan interest rate
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Central bank tells lenders to cut credit interest rates
The State Bank of Vietnam has instructed banks to lower their lending interest rates by 1.5-2 percentage points to support economic recovery.
Banks cut rates for new loans amid low capital demand
Banks have to lower lending interest rates to stimulate demand for new loans as credit growth falters and deposit interest rates have also dropped sharply.
Banks struggle to find borrowers
Vietnam’s credit growth rose only 3.36% in the first six months, the lowest growth rate in years, as banks struggle to find borrowers amid economic challenges.
June 22, 2023 | 10:45 pm PT
