A chicken egg processing plant of Ha Huan Company, loaned by Vietcombank

Vietcombank lowers loan interest rate to 6 percent

Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has become the first bank cutting loan interest rate this year to implement the Government’s Resolution 01 issued on January 1.
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.