Vietnamplus

Commercial joint stock banks continued to lower deposit interest rates early this month – a move that raises hope of a fall in lending rates.

The State Bank of Vietnam on October 24 decided to revise up several interest rates by 1%, starting from October 25.

Governor of the State Bank of Vietnam Nguyen Thi Hong has issued decisions on revising up several interest rates by 1%, starting from September 23.

Most banks have agreed to cut the lending rate for enterprises hard hit by the COVID-19 pandemic from this month until the end of this year.

The recent interest rate cuts by the State Bank of Vietnam (SBV) have little impact on the Vietnamese stock market, analysts have said.

The Vietnam Bank for Agriculture and Rural Development (Agribank) has decided to cut interest rates for short, mid and long-term loans in five priority fields, starting from May 13.

Thailand’s Kasikornbank (KBank) and Siam Commercial Bank (SCB) cut their prime lending rates by 40 basis points on April 9 after the Bank of Thailand (BoT) lowered the required contribution by banks to the Financial Institutions Development Fund (FIDF).

Indonesia's central bank cut interest rates for the fourth month in a row on October 24 as Southeast Asia's largest economy looks to counter slowing global growth.

Indonesia has cut interest rates for the first time in nearly two years as Southeast Asia’s largest economy seeks to boost economic growth.

Liquidity in the interbank market has been abundant, helping the State Bank of Vietnam (SBV) resume the issuance of treasury bills after five months to withdraw Vietnamese dong from the banking system.

Commercial banks have consecutively lowered the value of the US dollar against the Vietnamese dong during the final days of 2018, helping the USD/VND exchange rate close the year under control.

The finance, banking and insurance industry expanded 7.89 percent in the first nine months of this year, the highest level recorded in the past seven years.

Some commercial banks have announced their lending rate cuts as from July 10in implementing the State Bank of Vietnam’s decision on reducing maximum short-term interest rate for loans in VND provided

The State Bank of Vietnam (SBV) has reduced its prime interest rates and the cap on short-term loan rates as from July 10 to serve demand for capital in some economic sectors.

Small-sized enterprises are concerned that they would have to borrow from credit institutions at higher rates when new lending regulations take effect next month.

The Indonesian government aims to bring the lending rate across the banking system down to a single digit, as part of its attempt to create more affordable financing to stoke growth in the country.

Interest rates will likely increase again this year, after remaining at the low levels of 2006 for the past few years, experts forecast.

Recent rises in deposit interest rates are small and thus do not affect lending interest rate, according to the State Bank of Vietnam.

Lending interest rates will remain steady despite a recent upward trend in deposit rates, experts have forecast.