Central bank cuts policy interest rates to spur growth

Central bank cuts policy interest rates to spur growth

The State Bank of Vietnam (SBV) announced it would reduce several policy interest rates from April 3, the second cut within one month, the regulator announced on its website March 31 night.
Falling interest rates facilitate production and business sectors

Falling interest rates facilitate production and business sectors

Many banks have just launched credit packages with preferential lending interest rates that decreased by between 0.5-3% per year for customers in the fields of business and production, including real estate.
Keeping the exchange rate stable to control inflation and lower interest rates

Keeping the exchange rate stable to control inflation and lower interest rates

VCN - In an interview with Customs News, Dr. Nguyen Duc Do, Deputy Director of the Institute of Economics and Finance, Academy of Finance, said that with the gradual reduction of inflation pressure, the world USD index in a downward trend will help the do
Regulating policy tools for reducing interest rates

Regulating policy tools for reducing interest rates

VCN - Currently, monetary policy still plays a key role in stabilizing the macroeconomy. Monetary policy is directly related to domestic production, especially domestic enterprises rely mainly on interest rates for production, business and export.
Fall in interest rates and inflation expected to help stock market restore strongly

Fall in interest rates and inflation expected to help stock market restore strongly

VCN - VN-Index closed the year at 1,007 points. In 2023, to assess the market outlook, we should identify advantages and disadvantages.
Interest rates in 2023 still difficult to go against the world trend

Interest rates in 2023 still difficult to go against the world trend

VCN - According to the State Bank of Vietnam, since the beginning of 2022, there have been a total of 340 interest rate hikes globally. But in the first eight months of 2022, the State Bank continued to keep the operating interest rates unchanged.
Increasing efficiency of "priming capital" to support small and medium enterprises

Increasing efficiency of "priming capital" to support small and medium enterprises

VCN - It is very important to promulgate a legal framework on financial policy tools to support small and medium-sized enterprises (SMEs), including the SME Development Fund. However, the actual implementation still faces many difficulties and obstacles.
State Bank requires strict control of credit risk

State Bank requires strict control of credit risk

VCN - According to preliminary statistics, about 20 credit institutions and foreign bank branches (CIs) have publicly announced credit programs and products with preferential interest rates.
Exchange rate is no longer a concern

Exchange rate is no longer a concern

VCN - According to the report on the socio-economic situation in 11 months of 2022 by the General Statistics Office, the USD index in November 2022 increased by 8.71% over the same period in 2021; average in 11 months of 2022 increased by 1.83% compared t
Banks push "cheap" capital for loans at the end of the year

Banks push "cheap" capital for loans at the end of the year

Up to now, 12 banks have committed to reducing interest rates from 0.5-3% per year with an amount of more than VND 3,300 billion to support businesses and people.
Not just exchange rates, businesses are concerned about interest rates and liquidity

Not just exchange rates, businesses are concerned about interest rates and liquidity

VCN - The recent sharp fluctuation of the exchange has hit businesses badly due to increased costs. However, businesses still face a double whammy from liquidity and interest rates.
Interest rates of auctioned Government bonds continue to rise

Interest rates of auctioned Government bonds continue to rise

The Hanoi Stock Exchange (HNX) held 30 auctions of Government bonds (G-bonds) in October, with 55.66% of the total G-bonds on offer, worth 31.45 trillion VND (1.26 billion USD) sold.
Import and export turnover no longer depends on the exchange rate

Import and export turnover no longer depends on the exchange rate

​​​​​​​In an interview with Customs News, Dr. Nguyen Duc Do said that import and export in Vietnam no longer depend as much on the exchange rate, but must keep the foreign exchange market and interest rates stable
Savings interest rates increase rapidly, deposit-credit gap has not improved

Savings interest rates increase rapidly, deposit-credit gap has not improved

VCN - Notably, before this increase in deposit interest rates, several commercial banks had sharply increased deposit rates many times in the previous months.
From now until the end of the year, interest rates will face many upward pressures

From now until the end of the year, interest rates will face many upward pressures

VCN - Recently, the US Federal Reserve (Fed) decided to increase interest rates by 0.75 percentage points, to 1.5-1.75%, to restrain inflation. This is the highest interest rate of the Fed since the outbreak of the Covid-19 pandemic in March 2020.
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