Nearly 160,000 new firms established in Vietnam in 2023
Nearly 160,000 new enterprises have been established in Vietnam in 2023, up 7.2% year-on-year, according to the Ministry of Planning and Investment’s Business Registration Management Agency.
Interest rate cut expected to stimulate demand for home loans
Banks are reducing lending interest rates by 1-3% per year compared to 2022 to stimulate demand for home loans in the wake of the loan decline.
Banks cut rates for new loans amid low capital demand
Banks have to lower lending interest rates to stimulate demand for new loans as credit growth falters and deposit interest rates have also dropped sharply.
Measures suggested to guarantee corporate bond market’s stability
Several measures have been suggested at an online seminar held by the Government Portal on May 28 to help the corporate bond market maintain its stability and operate in line with law to aid economic growth.
Bank deposit interest rates keep falling
Banks have been steadily cutting deposit interest rates, which have reached around 8%, a move aimed at reducing lending rates to support businesses.
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