31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Vietnam c.bank calls for lower interest rates in July
As the pandemic continues to persist, stronger measures are needed to restructure debts and lower interest rates for customers.
10:40, 2021/40/23
Interest rates likely to raise at end of first quarter
A low-interest rate environment in long term could make capital available for other investment channels, so banks are under pressure to readjust their savings mobilization rates to better attract idle capital.
17:53, 2020/53/26
Prime Minister urges banks to further cut interest rates
The Central bank has lowered its interest rate cap three times by a combined of 1.5-2 percentage points per annum, which is the largest cut in the region.
11:52, 2020/52/24
Vietnam credit growth hits 10.14% as of December 21
The banking system has been providing support for 590,000 customers, mainly in forms of debt restructuring or freezing and waiving debt payment with outstanding loans worth over VND1,000 trillion (US$43.31 billion).
08:58, 2020/58/16
Vietnam banks promote loans with low interest rates by year-end
Given abundant liquidity and low demand for credit, banks are offering attractive loans during the year-end period.
22:32, 2020/32/05
Vietnam c.bank’s latest policy rate cut to have limited impacts on economy
The decrease in short-term deposit rates at commercial banks was mainly driven by the excess liquidity when credit growth was slow at only 5.12% year-on-year as of September 22.
11:58, 2020/58/07
Vietnam c.bank cuts policy rates for third time this year
Lower interest rates of deposit of required reserves and deposit of non-required reserves are expected to encourage commercial banks to inject more cash into the economy.
13:00, 2020/00/03
Vietnam credit growth hits 3.26% in Jan-Jun
Vietnam’s central bank is willing to increase the credit growth limits for banks from now until the end of the year to support economic growth.
10:41, 2020/41/17
Vietnam credit growth slows to 2.13% in 6-month period
Credit demand in Vietnam is expected to stay low in the foreseeable future as the Covid-19 pandemic continues to be complicated globally, said a central banker.
15:32, 2020/32/18
Vietnam in strong position to defend against external shocks: HSBC
With fewer concerns about currency and external stability, Vietnam’s central bank is likely to be more comfortable with delivering interest rate cuts to support growth.
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