After many consecutive sessions of net withdrawal, the State Bank of Vietnam (SBV) last week net injected more than VND5.09 trillion (US$199.7 million) through the open market operation (OMO) and bill channels to support liquidity in the banking system.

Several banks swiftly lowered deposit interest rates last week, paving the way for reductions in lending rates in the near future to bolster businesses and fuel recovery.

Several commercial banks have started reducing deposit interest rates by 0.1 to 0.4 percentage points in response to the Prime Minister’s direction to lower rates to help achieve the Government’s 8% growth target in 2025.

Total outstanding loans of credit institutions in Ho Chi Minh City as of the end of last year were worth over VND3.9 quadrillion (US$153.3 billion), a 11.3% increase for the year, according to the central bank.

Average home loan interest rates may increase slightly from the beginning of this year due to rising capital costs, analysts forecast.

Many banks have promoted capital mobilisation policies right from the beginning of 2025 to improve financial strength and meet the credit demand that is forecast to increase sharply this year.

VOV.VN - Last year saw the State Bank of Vietnam proactively monitor global and domestic economic developments and implement comprehensive measures to support businesses and individuals in accessing bank loans through the stable monetary policy.

It will be difficult for the State Bank of Vietnam (SBV) to further loosen monetary policy due to a rising USD/VND exchange rate pressure, experts said.

The US dollar may further strengthen against the Vietnamese dong to hit VND25,400 per dollar at the end of this month, according to experts.

The total social investment capital disbursed during January – September rose 6.8% to some VND2.42 quadrillion (US$97.2 billion) on the back of a fall in lending interest rate, robust production growth, and the continuation of tax incentives, according to the General Statistics Office (GSO).