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lending rate

Mixed opinions on the increase in the lending rate for social housing buyers

Mixed opinions on the increase in the lending rate for social housing buyers

Việt Nam Bank for Social Policies has announced that the lending rate for social housing purchases and home repairs is increasing from 4.8 per cent to 6.6 per cent per year, applied on both existing and new loans.
Lending rate for social housing buyers proposed to be 3-5 percentage points lower

Lending rate for social housing buyers proposed to be 3-5 percentage points lower

The Ministry of Construction has agreed with the State Bank of Việt Nam’s proposal to offer preferential lending rates for homebuyers who borrow from the VNĐ120 trillion social housing credit package.
Central bank demands lending rate cuts, growth target to be met

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

The central bank aims to cut lending rates by 1-2 per cent, with a focus on supporting economic recovery and growth drivers, emerging sectors, green transitions, circular economy and social housing.
Lending rate forecast to be cut by 1-1.5pp in 2024

Lending rate forecast to be cut by 1-1.5pp in 2024

VCBS expects the lending interest rate will decrease by another 1-1.5 percentage points in 2024. In particular, banks will consider lowering interest rate for some groups of firms which have good business prospects, with an aim to restructure debts and...
Central bank cuts key interest rates to cushion pandemic impact

Central bank cuts key interest rates to cushion pandemic impact

The State Bank of Viet Nam (SBV) has announced it would cut many key interest rates, starting from today, in an attempt to support the economy which has been hurt by the COVID-19 outbreak.
Fed rate hike wont have much impact on Viet Nam

Fed rate hike won’t have much impact on Viet Nam

The US Federal Reserve (Fed)’s third interest rate hike this week would not affect Viet Nam’s economy significantly as the move was foreseeable, according to experts.
BIDV cuts lending interest rate

BIDV cuts lending interest rate

The Bank for Investment and Development of Vietnam (BIDV) will cut lending interest rate for prioritised sectors from October 18 to support businesses.
Vietcombank cuts lending rate on Govt orders

Vietcombank cuts lending rate on Gov't orders

Vietcombank will be the first bank to cut its lending interest rate in response to the Government''s recent resolution.
One-week term transactions overwhelm interbank market

One-week term transactions overwhelm interbank market

One-week term transactions in Vietnamese dong dominated the interbank market during the first week of December, while the lending rate was down 0.49 percentage points against November to 3.26 per cent.