WHAT'S NEW

Outstanding credit expected to increase to over 9%

by VTV404 October 2020 Last updated at 00:00 AM

VTV.vn - According to the State Bank of Vietnam (SBV), along with the positive developments of the economy when the pandemic is under control, outstanding credit in September has increased with positive outlook, which is up by 2%.

In addition, total outstanding credit this year can increase to over 9%. Also according to SBV, in the second quarter of 2020, outstanding credit only increased by about 4.2-4.3% with an exceptional increase in September from 4.3% to 6.1%.

Up to now, the SBV has reduced lending interest rates by 3 times, creating a source of affordable capital for banks and credit institutions to provide loan with lower interest rates for businesses.

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: 2020-10-20 05:14 UTC

WEATHER FORECAST