Several enterprises with healthy and transparent finances and effectivebusiness plans have been given loans at a rate of only 6.5-7 percent peryear, according to the State Bank of Vietnam.
In its latest report on the banking sector, the central bank said thatlending rates for loans in VND were steady last week and creditinstitutions strictly complied with regulations on the maximum VNDshort-term lending rates for priority sectors.
Thereport said that State-owned commercial banks also offered lending ratesat 7-9 percent per year for short-term loans in VND for prioritysectors, including agricultural and rural development, exporters,support industries, small and medium-sized enterprises (SMEs) andhigh-tech enterprises; 9-10.5 percent for short-term loans for otherproduction and business; and 11.5- 12.8 percent for medium and long termloans.
For the group of joint-stock commercialbanks, the lending rates were 8-9 percent per year for short-term VNDloans for priority sectors; 9.5-11.5 percent for short-term loans forother production and business; and 12-13 percent for medium and longterm loans.
The US dollar lending rates werecommonly 4-7 percent per year, of which the lending rates set byState-owned commercial banks were 4-5 percent yearly for short term, and6-7 percent for medium and long term loans. Joint stock commercialbanks offered rates at 5- 6 percent yearly for short term and 6.5-7percent for medium and long term credit.
The centralbank also reported that VND mobilising rates last week were stablecompared to the previous week. The rates offered by State-ownedcommercial banks were commonly 1 to 1.2 percent per year for demanddeposits; 5-6.5 percent per year for terms below six months; 6.5- 7percent for six months to below 12 month terms; and 7.5-8 percent for 12month and 12 month-plus terms.
The dong mobilisingrates quoted by joint stock commercial banks were commonly 1.2 percentper year for demand deposits, 6.5 - 7 percent for one to below six monthterms, 7-8 percent for six to below 12 month terms; and 8-9 percent for12 and 12 month plus terms.
The US dollarmobilising rates were also stable at 1.25 percent per year forindividuals and 0.25 percent for economic institutions.-VNA
In its latest report on the banking sector, the central bank said thatlending rates for loans in VND were steady last week and creditinstitutions strictly complied with regulations on the maximum VNDshort-term lending rates for priority sectors.
Thereport said that State-owned commercial banks also offered lending ratesat 7-9 percent per year for short-term loans in VND for prioritysectors, including agricultural and rural development, exporters,support industries, small and medium-sized enterprises (SMEs) andhigh-tech enterprises; 9-10.5 percent for short-term loans for otherproduction and business; and 11.5- 12.8 percent for medium and long termloans.
For the group of joint-stock commercialbanks, the lending rates were 8-9 percent per year for short-term VNDloans for priority sectors; 9.5-11.5 percent for short-term loans forother production and business; and 12-13 percent for medium and longterm loans.
The US dollar lending rates werecommonly 4-7 percent per year, of which the lending rates set byState-owned commercial banks were 4-5 percent yearly for short term, and6-7 percent for medium and long term loans. Joint stock commercialbanks offered rates at 5- 6 percent yearly for short term and 6.5-7percent for medium and long term credit.
The centralbank also reported that VND mobilising rates last week were stablecompared to the previous week. The rates offered by State-ownedcommercial banks were commonly 1 to 1.2 percent per year for demanddeposits; 5-6.5 percent per year for terms below six months; 6.5- 7percent for six months to below 12 month terms; and 7.5-8 percent for 12month and 12 month-plus terms.
The dong mobilisingrates quoted by joint stock commercial banks were commonly 1.2 percentper year for demand deposits, 6.5 - 7 percent for one to below six monthterms, 7-8 percent for six to below 12 month terms; and 8-9 percent for12 and 12 month plus terms.
The US dollarmobilising rates were also stable at 1.25 percent per year forindividuals and 0.25 percent for economic institutions.-VNA
