interest rates
Central bank issues new decisions on deposit interest rates
The State Bank of Vietnam (SBV) has issued two new decisions on deposit interest rates, effectively from November 20 this year.
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Interest rate cut expected to stimulate demand for home loans
According to a report by the State Bank of Vietnam (SBV), people’s demand for home loans and home repairs decreased by 1.12 per cent in the first half of this year, while the loans increased by up to 31 per cent last year.
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Banks lower deposit interest rates
Banks have lowered deposit rates by 0.4-1.1 percentage points, but the rates have remained relatively high across the board.
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SBV demands interest rate reduction this month
Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has asked the Vietnam Banks Association (VNBA) to campaign lenders to slash interest rates immediately this month.
