Inflationary pressure remains big next year: SBV Governor Business

Inflationary pressure remains big next year: SBV Governor

It is possible to keep the inflation under 4 percent this year but inflationary pressure is expected to be great next year, Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong told the National Assembly’s Q&A session on November 12.
People pour money into banks despite interest rate cut Business

People pour money into banks despite interest rate cut

The State Bank of Vietnam has been taking measures to support economic growth, including a 0.25% cut to the ceiling interest rate, prompting many banks to lower their saving rates. Still, many people with idle money are depositing in banks.
Banks urged to cut interest rates for epidemic-hit firms Business

Banks urged to cut interest rates for epidemic-hit firms

The State Bank of Vietnam (SBV) has urged domestic and branches of foreign credit institutions to offer a cut in loan interest rates for businesses affected by the acute respiratory disease caused by the SARS-CoV-2 (COVID-19) which is taking toll on the regional economies.
Interest rates stay steady til year end: SBV official Business

Interest rates stay steady til year end: SBV official

With a positive macroeconomic background at the moment, interest rates will basically stay steady until the end of the year due to excessive liquidity and proper credit growth, according to an official from the State Bank of Vietnam (SBV).
OMO rates cut to support growth Business

OMO rates cut to support growth

The State Bank of Vietnam (SBV) late last week announced its first interest rate cut in the open market operation (OMO) in the past five years.