SBV considers reducing lending interest rates

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.