New interest rate level forecast in Q2 2021 Business

New interest rate level forecast in Q2 2021

After staying at a low level last year, deposit and lending interest rates will probably increase in the second quarter of this year as credit demand is high again when the COVID-19 pandemic is controlled and the economy rebounds further, according to experts.
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.
PM urges lower interest rates, stable taxes Business

PM urges lower interest rates, stable taxes

The Government has instructed corresponding administrative authorities to aim for a 0.5 percent 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 businesses’ productivity.
Credit grows 1 percent in January: NFSC Business

Credit grows 1 percent in January: NFSC

The National Financial Supervisory Commission (NFSC) has reported that credit in the first month of the year saw a growth rate of 1 percent, the highest month-on-month increase over the past five years.