Interest rate cut not as expected

Interest rate cut not as expected

Many commercial banks have announced a 0.5-3 percent cut in lending interest rates and many policies to support customers affected by the Covid-19 pandemic. However, feedback from individual customers in Ho Chi Minh City shows that banks have refused to aid them, even when they are in blocked areas and need priority.
Interest rates gradually decrease

Interest rates gradually decrease

The wave of interest rate cuts has been activated, and it is forecasted that the interest rate level will remain low from now until the end of the year to support businesses and the economy amid the context that the Covid-19 pandemic prolongs as currently.
VAFI proposes to gradually send deposit interest rate to zero percent

VAFI proposes to gradually send deposit interest rate to zero percent

The Vietnam Association of Financial Investors (VAFI) has recently made a proposal on deposit interest rates. According to VAFI, deposits in VND for short and medium terms are from 3.5 percent to 6.2 percent per annum, which is extremely high compared to other countries, leading to high lending interest rates, causing disadvantages for enterprises and a large number of low- and middle-income consumers.
Interest rate for social housing loans remains at 4.8 percent per annum

Interest rate for social housing loans remains at 4.8 percent per annum

According to Decision No.532/2021 issued by the Prime Minister, the preferential lending interest rate at the Vietnam Bank for Social Policies applied on preferential loans to rent and buy social housing or build, upgrade, and repair houses according to the provisions of Decree No.100/2015 on social housing development and management is 4.8 percent per annum.
Customers do transactions at a bank. (Photo: SGGP)

Low interest rate capital for priority sectors only

The current mobilizing interest rates and certificates of deposit of most commercial banks have touched 9 percent per annum, an increase of 0.5 percent compared to those at the end of last year.