SBV considers reducing lending interest rates

by VTV413 October 2017 Last updated at 06:00 AM

VTV.vn - The State Bank of Vietnam (SBV) is considering lowering the lending interest rates for short term loans to 9% per year, and for medium and long term loans to 9.3 to 11% per year, in order to facilitate growth.

According to the SBV, lending interest rates have been kept stable despite pressure in the 1st half of this year. However, on July 10th, it reduced the short term interest rates by 0.5% for prioritized sectors, and reduced the base rates by 0.25% per year.

The SBV will continue to take measures to stabilize interest rates, and make adjustments based on the macro-economic situation, inflation, and currency market to assist economic growth.

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