While new loans have been issued at significantly lower rates, older loans, even for priority sectors such as mechanical engineering, must still bear high interest rates, especially during a period of economic difficulties.
Experts have warned enterprises to be more cautious with their US dollar loans amidst a significant rise in the lending and appreciation of the greenback.
Viet Nam''s consumer loans hit a five-year record high of US$15.12
billion last year, according to a new report from local market research
company StoxPlus.
The State Bank of Viet Nam (SBV) recently released a draft circular on
consumer lending following the setting up by commercial banks of
subsidiary finance companies for the purpose.
