Social housing loan interest rate set at 6.5% per annum, after six adjustments
The initial scale of the social housing loan program was VND120 trillion (nearly $4.62 billion), with participation from four state-owned commercial banks.
Commercial banks to cut interest rates to support business
Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has said that while the central bank does not have a support package, commercial banks have committed to further reducing interest rates by a total of nearly VND20.5 trillion ($895.67 million) from now to the end of the year to support people and businesses. Four State-owned commercial banks - Vietinbank, Vietcombank, BIDV, and Agribank - have also agreed to reduce interest rates by a total of about VND1 trillion ($43.73 million).