Tag: interest-rate
Policy solutions needed to help businesses access capital
Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has suggested sectors and localities take more measures to remove difficulties facing small- and medium-sized enterprises (SMEs), stressing that policy solutions are needed to help businesses access capital.
Government, SMEs work to seek ways for navigating challenges
Prime Minister Pham Minh Chinh chaired a meeting between permanent Government members and the executive committee of the Vietnam Association of Small and Medium Enterprises (SMEs) in Hanoi on July 6 to seek solutions to challenges facing SMEs.
Vietnam’s regulatory interest rates to further down in third quarter: UOB
The United Overseas Bank (UOB) has lowered its 2023 economic growth forecast for Vietnam from 6% to 5.2%, and forecast that Vietnam will continue to cut regulatory interest rates in the third quarter this year to stimulate its economy.
Central bank asks credit institutions to reduce interest rates
The State Bank of Vietnam (SBV) has sent a document to credit institutions and branches of foreign banks and SBV in provinces and centrally-run cities regarding the reduction of interest rates.
Standard Chartered forecasts interest rates to return to pandemic levels
Standard Chartered Bank forecasts Vietnam’s second quarter GDP growth to have slowed to 1.5% year-on-year (from 3.3% in the first quarter), posing downside risks to its 6.5% growth forecast for 2023. However, a rebound is expected in the second half of the year.
Stock market positively responds to interest rate cuts
The stock market has reportedly shown positive response to recent interest rate cuts.
Interest rate cut contributes to supporting economic growth: economists
The State Bank of Vietnam (SBV) has cut regulatory interest rates for four consecutive times since the beginning of this year, in the context that world interest rates continue to rise and stay at a high level.
Interest rates cut expected to attract borrowers
The fourth cut in a row of regulatory interest rates by the State Bank of Vietnam (SBV) has provided an opportunity for commercial banks to reduce interest rates, thus attracting borrowers.
Interest rate cut expected to pump economy up
The State Bank of Vietnam (SBV) is cutting down a series of key interest rates by 0.25%-0.5% from June 19, which is expected to make a double impact on the economy thanks to stronger credit activities and higher liquidity.
Individual customers keep depositing at banks despite interest rate cut
Though deposit interest rates listed at commercial banks have decreased rapidly after the State Bank of Vietnam's (SBV) policy rate cut, savings of individual customers have kept rising.