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Lending rates reduced to support businesses in priority areas

by VTV402 August 2019 Last updated at 09:31 AM

VTV.vn - Four state-owned commercial banks will reduce lending interest rates by 0.5% per year, starting August 1st.

It is the second time the four banks reduced lending rates this year. According to the State Bank of Vietnam, the lending interest rate for VND in common areas is at 6 to 9% per year for short-term, and 9 to 11% per year for the medium and long term.

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