Lending interest rates reduced for 2018

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.