WHAT'S NEW

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.

Tags:

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2023-02-02 04:24 UTC

WEATHER FORECAST