SBV requires banks to reduce lending interest rates
VTV.vn - The State Bank of Vietnam (SBV) has asked both domestic and foreign financial institutions to carry out solutions in reducing their lending interest rates on loans in Vietnamese dong.
Those institutions and branches of SBV need to report the implementation of these solutions to the SBV on the 20th day of every month. Reports will begin this month. This aim will help enterprises reduce their costs and improve efficiency while still ensuring financial security during operations.
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