Interest rate reduction dependent on resolution of bad debts

by VTV421 September 2017 Last updated at 22:17 PM

VTV.vn - The Vietnamese banking sector was asked to reduce lending interest rates by 0.5% from now until the end of the year.

 

This request was made by the government to support and facilitate business production for firms. Nevertheless, the request is considered a big challenge for commercial banks.

Experts also warn of inflation pressure in the last few months of the year as the consumer price index in August gained 0.9% over the previous month. If inflation continues to rise, banks will not be able to reduce interest rates, thereby making the government put even more pressure on the sector.

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