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loan interest

General Department of Taxation reviews draft regulations on loan interest expense cap

General Department of Taxation reviews draft regulations on loan interest expense cap

The GDT said that it has coordinated with six local tax departments to organise a conference to review a draft decree that amends and supplements Decree 132/2020/NĐ-CP on tax management for enterprises with associated transactions.
VCCI proposes removing draft regulation on loan interest expense cap

VCCI proposes removing draft regulation on loan interest expense cap

Management authorities should not try to restrict the thin capitalisation of domestic enterprises by applying a loan interest expense cap regulation, the Vietnam Chamber of Commerce and Industry (VCCI) said.
Deputy PM: banks consider solving financial difficulties of seafood businesses

Deputy PM: banks consider solving financial difficulties of seafood businesses

VASEP said loan interest rates are the biggest challenge for the industry so the association hoped the Government, the Ministry of Finance and the central bank will solve this challenge.
Social housing loan interest rates drop to 4.8%

Social housing loan interest rates drop to 4.8%

Prime Minister Pham Minh Chinh on Wednesday approved a decision that lowers the interest rate on loans for social housing buyers from 5per cent to 4.8 per cent.
High rates hurting businesses, hamper economic recovery

High rates hurting businesses, hamper economic recovery

High interest rates have been hurting businesses'' ability to invest in ramping up production capacity, said industry insiders and economists.
Banks required to cut rates to support economic recovery

Banks required to cut rates to support economic recovery

Nguyen Thi Hong, the Governor of the State Bank of Vietnam (SBV), has directed banks to continually reduce input costs with an aim to cut loan interest rates.
Shinhan Bank reduces interest rates to support corporate customers

Shinhan Bank reduces interest rates to support corporate customers

Shinhan Bank has reduced loan interest rates for corporate customers to help those affected by the COVID pandemic recover from its effects and generally to cope with inflation and volatility in raw material prices, and expand business at the end...
Those affected by COVID in HCM City to get 2 per cent loan interest rate cut

Those affected by COVID in HCM City to get 2 per cent loan interest rate cut

Loans for individuals and businesses in HCM City affected by COVID-19 will have their interest rate cut by 2 per cent under a Government resolution.
Banks cut home loan interest rates

Banks cut home loan interest rates

Interest rates of home loans at commercial banks have tended to reduce significantly since the second half of July 2020 due to low capital demands from business and production.
Travel industry demands coronavirus support

Travel industry demands coronavirus support

The HCM City Department of Tourism said it has submitted to the State Bank of Viet Nam a list of 31 travel and tourism firms that are seeking help to make it through the disruption caused by the COVID-19 pandemic.
Real estate businesses ask Government to remove difficulties

Real estate businesses ask Government to remove difficulties

A conference on real estate market development aimed to discuss businesses’ difficulties in terms of the State''s policies on the real estate market, as well as solutions to aid the market’s stable and sustainable development.
Tourism booming but stock market takes little notice

Tourism booming but stock market takes little notice

Analysts say the main reason for the tourist industry’s modest participation in the stock market is that a majority of its companies are too small and fear they will be ignored by investors.
Banks tighten lending rules

Banks tighten lending rules

Many commercial banks in the country have increased loan interest rates by 1-2 per cent to investors in real estate as property prices continue to rise.
Social housing: Loan interest rate maintained at 5%

Social housing: Loan interest rate maintained at 5%

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.
Loan interest rate cut: Businesses dream comes true

Loan interest rate cut: Businesses’ dream comes true

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.