The State Bank of Viet Nam (SBV) has decided to set preferential loan interest rate at five per cent for purchase, rent or hire of social housing projects in 2018.
Finally, on July 11 the State Bank of Viet Nam decided to fulfill the business community’s expectations, cutting interest rates by 0.25 to 0.5 percentage points, the first such cuts since 2014.
The director of a bank in HCM City says lenders have no plans as of now to increase loan interest rates, though they find it difficult to cut capital costs since deposit interest rates are tending to increase.
