The central bank’s new policy aims to reduce risk, tighten control and to channel capital into priority sectors and small-to-medium-sized enterprises, according to the SBV.
The HCM City Real Estate Association has recently proposed that the central bank should allow lenders to use 45 per cent of their short-term deposits for long- and medium-term loans next year instead of 40 per cent as it has...
The new restriction on banks of using only 40 per cent of their short-term deposits for long and medium-term loans should not take effect next year, the HCM City Real Estate Association has said.
Some commercial banks have continued to reduce the interest rate for short-term deposits by 0.1 to 0.3 percentage points in the past week thanks to good liquidity.
Deputy Prime Minister Vuong Dinh Hue has recently instructed relevant
authorities to scrutinise the possible removal of the deposit interest
rate cap on short-term deposits.
Le Ngoc Huong of HCM City''s Tan Binh District has decided not to pull
out her deposit of VND1 billion from a bank though the interest rate has
fallen from 5.6 per cent to 5.1 per cent.
The State Bank of Viet Nam has not decided to lower the 6 per cent
interest rate cap on short-term deposits, Deputy Governor Nguyen Thi
Hong told baodautu.vn on Tuesday.