Policy interest rate forecast to remain unchanged in 2024, experts

Monday, Oct 21, 2024

At last week’s meeting, SBV’s deputy governor Đào Minh Tú said the SBV has so far left open any policy interest rate decision.

HCM City to offer interest rate subsidies for priority projects

Thursday, Aug 08, 2024

The HCM City People Committee has decided to give interest rate subsidies for loans for priority projects to bolster the city’s socio-economic growth.

Zero per cent dollar-denominated deposit interest rate needs to stabilise forex market

Wednesday, Jul 24, 2024

The SBV applied a dollar-denominated deposit interest rate cap of 1 per cent per year for organisations in 2010 and 3 per cent per year for individuals in 2011. 

Fed’s latest rate decision won't have significant impact on Việt Nam

Sunday, Jun 16, 2024

The dollar depreciation is also a good sign for Việt Nam''s import activities, with global raw material prices expected to decrease and inflationary fears for imports receding.

Majority of credit institutions forecast profit growth in 2024

Monday, Apr 22, 2024

Credit institutions said the overall business performance and pre-tax profit of the banking system in the first quarter of 2024 were not as good as expected. However, they expect it will be better in the second quarter of 2024 and...

Old loans must endure higher interest rates temporarily: SBV

Friday, Apr 19, 2024

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. 

Việt Nam to benefit from Fed’s rate cut

Monday, Apr 01, 2024

According to experts, the Fed''s interest rate cut will support Việt Nam''s monetary policy management as the State Bank of Vietnam (SBV) may not be under pressure of dollar appreciation after the greenback weakens in the wake of the Fed''s...

Deposit interest rate hits record low

Thursday, Dec 28, 2023

Deposit interest rates have set a new record low.

Individual saving deposits continue to increase despite interest rate cuts

Wednesday, Nov 15, 2023

Despite interest rate cuts at commercial banks, individual deposits have continued to increase due to a lack of alternative investment options. 

SMEs can borrow loans at preferential interest rate of 1.2% per year

Wednesday, Oct 11, 2023

The preferential interest rate is aimed to implement Resolution No 105/NQ-CP dated July 15, 2023, of the Government on tasks and solutions to remove difficulties for the production and business of firms.

Gov't proposes to continue 2% interest rate support policy

Monday, Oct 02, 2023

There is a need to review the current developments as some policies have exhausted their budget while others have not produced desirable results or have been moving along too slowly. 

Interest rate cut expected to stimulate demand for home loans

Tuesday, Sep 19, 2023

According to a report by the State Bank of Vietnam (SBV), people''s demand for home loans and home repairs decreased by 1.12 per cent in the first half of this year, while the loans increased by up to 31 per...

Interest rate cut: important but certainly not a panacea

Tuesday, Jul 04, 2023

Analyst’s Pick: With both external and internal conditions favourable for the interest rate cut, it is possible that the central bank will continue further easing its monetary policy.

Policy interest rate expected to further reduce in H2 2023

Friday, Jun 09, 2023

The analysts also expect the average 12-month deposit interest rate will to 7 per cent per year in 2023.

Almost all banks cut 6-month deposit interest rate to below 8%/year

Saturday, Jun 03, 2023

Almost all banks in Viet Nam have cut interest rates for deposits for terms from six months and above to below 8 per cent per year.