Inter-bank rate hits new record low of 0.5%

Inter-bank rate hits new record low of 0.5%

Inter-bank lending interest rates have continuously slipped to hit a new record low, according to the latest monetary report by Saigon Securities Incorporation’s (SSI) Retail Research.
VPBank reduces 1% interest rate for businesses in five priority fields (Photo: SGGP)

Commercial banks lower loan rates after SBV’s reduction

After the State Bank of Vietnam (SBV) decided to cut short term loan interest rates by 0.5 percent and management interest rates by 0.25 percent from July 10, commercial banks have started lowering their rates.
The central bank on Friday held an online conference to prepare for the implementation of the scheme to settle non-performing loans (NPL) and restructure credit institutions in the 2016-20 period. (Photo: vietcombank.com.vn)

SBV prepares bad debt settlement plan

The central bank on Friday held an online conference to prepare for the implementation of the scheme to settle non-performing loans (NPL) and restructure credit institutions in the 2016-20 period.
 
Prime Minister Nguyen Xuan Phuc has urged the State Bank of Vietnam (SBV) to take more comprehensive and bold measures to boost credit growth and reduce interest rates. (Photo: VNS)

PM pushes SBV to achieve robust growth target

Prime Minister Nguyen Xuan Phuc has urged the State Bank of Vietnam (SBV) to take more comprehensive and bold measures to boost credit growth and reduce interest rates.
Net Interest Margin of commercial banks in 2016 (percent). (Source: BIDV Securities Company)

Trimmed interest rates might affect NIMs: experts

Commercial banks which have cut interest rates for short-term lending following the State Bank of Vietnam’s cue might suffer a further decline in the net interest margin (NIM), experts said.
US$2.1 billion remitted to HCMC in first half 2017

US$2.1 billion remitted to HCMC in first half 2017

The State Bank of Vietnam (SBV) in HCMC said that US$2.1 billion was remitted to HCMC via official channels in the first half this year, a year on year increase of 1 percent.
US dollar deposit rate increase will help banks attract foreign currency, according to experts (Photo: SGGP)

US dollar deposit rate should be increased: experts

The State Bank of Vietnam (SBV) should increase US dollar reward rates, kept at 0 percent for the last one year, to suit world market changes, attract foreign currency for economic development and prevent the source from running abroad.