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Update news interest rates
First-time homebuyers in VN get a break with new low-interest mortgage plans
In response to government initiatives, banks are launching long-term mortgage solutions with rates starting at just 3.6%, enabling young people to own homes with minimal financial stress.
Banking sector faces liquidity challenges amid rate cuts
Several banks swiftly lowered deposit interest rates last week, paving the way for reductions in lending rates in the near future to bolster businesses and fuel recovery.
VN bans commercial banks from raising interest rates outside policy guidelines
The State Bank of Vietnam is tightening control over interest rates, requiring banks to lower lending costs while cracking down on unfair financial competition.
Banks begin reducing deposit interest rates in response to PM’s direction
Several commercial banks have started reducing deposit interest rates by 0.1 to 0.4 percentage points in response to the Prime Minister’s direction to lower rates to help achieve the Government’s 8% growth target in 2025.
Vietnamese banks address deposit rate hikes following government directive
Vietnam’s commercial banks respond to the government’s call to stabilize deposit interest rates and lower lending rates, ensuring economic growth and inflation control.
Reducing interest rates aligns with long-term economic objectives: economist
An economist said the approach helps ensure that businesses have access to affordable capital, which in turn supports job creation and economic recovery.
