Businesses in Dong Nai have called for reducing bank interest rates and restructuring debt repayment to enable them to resume operations now that the COVID-19 pandemic is basically under control.
A report from the Ho Chi Minh Securities Company shows that bank interest rates have risen by 0.46 percentage points for short-term loans since the end of last year to 7-9 per cent and to 9-12.5 per cent for medium-...
HCMC City Securities Corporation (HSC) reported VND325 billion (US$14.4 million) in pre-tax profit in the first quarter of this year, a year-on-year increase of 250 per cent.
Inter-bank interest rates last week slipped 0.83-1.03 percentage points against the previous week because of good liquidity, pushing Friday’s overnight rate to a three-month low of 2.97 per cent.
The central bank has targeted keeping interest rate stable in 2017, however, the market’s developments in the first half of January 2017 show that lending rates are suffering from many pressures, the Nguoi Lao Dong (Labourers) newspaper has reported.
Bank interest rates in the central Da Nang City have eased this year
and more credit measures will be implemented during the rest of the year
to assist local enterprises.
The State Bank of Viet Nam (SBV) will effect further interest rate cuts soon, Governor Nguyen Van Binh said at a conference held in HCM City last Friday.
The State Bank of Viet Nam has the margin to further cut dong deposit
rates to 7 per cent and lower lending rates to below 10 per cent, the
National Financial Supervisory Commission (NFSC) recently revealed.