Topic: interest rate

These projects operate in various fields, including high-tech and digital transformation; mechanics, electronics and information technology; pharmaceuticals, rubber and plastics; and food processing.

Exchange rates cannot be sacrificed for low interest rates, says deputy governor

Vietnam's banking sector reveals average lending interest rates, with state-owned institutions boasting narrower spreads between deposits and loans.

Average deposit and lending rates down 0.15% and 0.25%, respectively, this year as of January 31.

Rates hit their lowest for two decades.

Total support estimated at $32.5 million as of August.

Reduction will help reduce lending rates and support businesses.

People buying houses worth less than VND2 billion ($84,000) may be eligible for interest rate support of 2 per cent.

The central bank has said it will closely monitor the operations of credit institutions.

The government has urged the central bank to quickly amend and supplement unsuitable regulations to boost disbursement from the package.