Many businesses understand that lending rates will also increase. If this scenario is true, they would face difficulties in investment and expanding production. However, representatives of the State Bank of Vietnam in HCMC said that the State bank / will control the lending rate so that it will not exceed 10%.
The global economy is highly volatile. The US Federal Reserve has increased the interest rate from 0.2 to 0.5%. This will have an impact on Vietnam.
With higher interest rates, the Vietnamese banking system will have more than 90 million USD to support the economy, accompanied by the State bank's policy of interest rate stabilisation.
