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Banks get more support to cut interest rates

Banks get more support to cut interest rates

Commercial banks are expected to lower lending interest rates after getting more support to cut input costs from the State Bank of Vietnam (SBV)’s agencies this week.

Interest rates to remain on hold through 2019

Interest rates to remain on hold through 2019

VOV.VN - The State Bank of Vietnam would hold its benchmark refinancing and discount rate at 6.25 per cent and 4.25 per cent, respectively, along with its 14 per cent credit growth target to be kept for the remainder of 2019, Fitch Solutions analysts have predicted.

Workers feel squeeze due to social housing shortage

Workers feel squeeze due to social housing shortage

Nguyen Thi Phuong, who has worked at the Thang Long Industrial Park in Hanoi’s outskirts district of Dong Anh for years, said her family of three would enjoy a stable life if not for housing.

Experts forecast lending rates to remain stable

Experts forecast lending rates to remain stable

Many commercial banks have recently increased deposit interest rates, but experts forecast that the rise will last only a short time and won’t have a domino effect on lending rates.

VND2.3 trillion raised from Government bonds

VND2.3 trillion raised from Government bonds

The Hanoi Stock Exchange (HNX) raised VND2.3 trillion (over US$98.7 million) at the latest auction of Government bonds (G-bonds) issued by the State Treasury on August 1.

Deputy PM: CPI growth could be kept below 4% in 2018

Deputy PM: CPI growth could be kept below 4% in 2018

Deputy Prime Minister Vuong Dinh Hue has urged the Government’s Steering Committee for Price Management to seek measures in order to minimize external impacts on domestic prices, thus keeping CPI growth below 4% in 2018.

Exporters worry as end of foreign loans nears

Exporters worry as end of foreign loans nears

Exporters will no longer be allowed to borrow bank loans in foreign currencies beginning next year, if the State Bank of Viet Nam (SBV) does not extend a circular regulating the loans.

PM urges lower interest rates, stable taxes

PM urges lower interest rates, stable taxes

The Government has instructed corresponding administrative authorities to aim for a 0.5% decrease in lending interest rates from now until the end of 2017, while keeping taxes, fees and other charges unchanged, in order to propel the current disbursement rate in public spending and boost bussiness.

Banks cut short-term deposit interest rates

Banks cut short-term deposit interest rates

After two weeks of lowering lending interest rates for short-term VND loans following the State Bank of Vietnam (SBV)’s cue, several commercial banks have reduced their deposit interest rates.