SBV to ease lending rates but leave lending conditions untouched

According to the State Bank of Vietnam (SBV), in order to develop an action plan to implement the government’s resolution on the Socio-economic Recovery and Development Program, the central bank will strive to cut lending interest rates by between 0.5 and 1 per cent in 2022-2023, especially for priority sectors, but will maintain lending conditions to ensure credit quality, control bad debts, and guarantee the safety of credit institutions.