Lending interest rates reduced for 2018

by VTV428 February 2018 Last updated at 13:36 PM

VTV.vn - This year, the banking sector looks to continue reducing lending interest rates in order to support enterprises and the economy, as per the direction of the Government and the Prime Minister.

As such, the banking sector will continue to monitor the macroeconomy, the monetary market and foreign exchange rates as a basis for adjusting lending interest rates at suitable time periods. This direction from the Government has received positive feedback from the banking sector with 4 state-owned commercial banks including Vietcombank, Agribank, Vietinbank and BIDV making immediate reductions of 0.5% per year for short, medium and long term lending interest rates for longstanding clients and prioritized sectors.

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