PM orders stronger measures to cut lending rates
Prime Minister Pham Minh Chinh has issued an official dispatch calling for intensified efforts to lower lending rates to support businesses and spur economic growth.
Credit institutions urged to cut lending rates by 1-2%
The State Bank of Viet Nam (SBV) asked all credit institutions including foreign bank branches to reduce lending annual interest rate by 1-2 percent in a bid to facilitate credit access and spur growth.
Banks urged to lower lending rates to stimulate growth
Prime Minister Pham Minh Chinh has called for appropriate solutions to reduce lending rates as credit growth in between January and March dipped to 0.9 percent.
Nearly 20 commercial banks lower deposit rates
Nearly 20 commercial banks in Vietnam have adjusted deposit rates since the beginning of this month, with most lowering rates.
Deputy PM: price control in nine months effective
Price control work was effective in the first nine months of this year, with the average consumer price index (CPI) in the period up 3.16% year on year, leaving plenty of room to maintain stability in prices, said Deputy Prime Minister Le Minh Khai.
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