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reduce lending rates
Updated news related to loan interest rate reduction
The Prime Minister directed to continue reducing loan interest rates and removing difficulties for businesses.
The Prime Minister requested the banking sector to continue reducing interest rates, especially lending rates, and create conditions for businesses to focus on overcoming difficulties, recovering, and building long-term business plans.
Economy
Ky Son voters propose to reduce preferential loan interest rates for households in difficult circumstances
(Baonghean.vn) - Voters of Ky Son district requested the Provincial People's Committee to consult the Social Policy Bank to reduce preferential interest rates. Because the current loan rate for poor households is 0.55%/year, for near-poor households is 0.66%/year, and for households escaping poverty is 0.68%/year, which is still high compared to the payment capacity of households in difficult circumstances.
Many banks reduce lending rates
Several major banks announced a 0.5% reduction in lending rates, with some even saying they would cut them by 1%.
Prime Minister: The violations that the banking industry has suffered are extremely painful.
Faced with a series of violations by individuals, the Prime Minister asked the industry to improve the ethics of officials to increase people's trust.
Reduce lending rates to pump more capital into the market?
State Bank Governor Le Minh Hung said that the 0.25%/year reduction in operating interest rates is primarily a signal to the market, and the level of adjustment reflects careful consideration.
Difficult to reduce lending interest rates
In the context of the Vietnamese economy facing many difficulties in 2016, the monetary management policy of the State Bank has had certain successes. However, according to economic experts, lending interest rates are still high. "The common lending interest rate of 6-9% is high compared to the capacity of enterprises. In 2016, interest rates were still not reduced as desired by enterprises," said Dr. Nguyen Tri Hieu.
Reduce loan interest rates to support businesses
At the State Bank of Vietnam (SBV) press conference on monetary policy management orientation for the last months of the year held on the afternoon of August 11, Ms. Nguyen Thi Hong, Deputy Governor of SBV, said that the management agency will strive to reduce lending interest rates to support businesses.
Reduce lending interest rates for policy credit programs
June 9, 2015 08:09
The Prime Minister has just issued Decision No. 750/QD-TTg/2015 on adjusting and reducing lending interest rates for a number of policy credit programs. This Decision takes effect from June 5, 2015.
Reduce lending interest rates for some policy credit programs
June 2, 2015 07:34
New interest rates apply to a number of policy credit programs at the Vietnam Bank for Social Policies.
Reduce interest rates on investment credit and export credit loans
December 17, 2014 19:03
The Ministry of Finance has just issued a Circular regulating interest rates for investment credit and export credit loans of the State and the interest rate difference calculated for post-investment support.
Reduce loan interest rates for poor households, pupils and students
June 10, 2014 17:21
The Prime Minister has just signed Decision No. 872/QD-TTg dated June 6, 2014 adjusting and reducing lending interest rates for a number of policy credit programs at the Vietnam Bank for Social Policies.
Banks reduce lending rates - Businesses are "fueled"
November 4, 2013 17:14
(Baonghean) - Recently, loan interest rates have "cooled down". Many customers in the province have benefited, and especially businesses have gradually overcome difficulties, rising to effective production and business...
Reduce lending interest rates for some policy credit programs
October 13, 2013 08:09
According to Decision 1826/QD-TTg dated October 9 of the Prime Minister, the lending interest rate for a number of policy credit programs at the Vietnam Bank for Social Policies will be adjusted down. Specifically, the preferential lending interest rate for near-poor households will be reduced to 120% of the lending interest rate for poor households prescribed in each period (previously, the interest rate for near-poor households was 130% of the lending interest rate for poor households).
Reduce loan interest rates to 13%/year
May 11, 2013 16:09
Not only have priority sectors had their lending rates reduced to 10% per year, many commercial banks have also pledged to reduce old loans to 13% per year.
Reduce interest rates on export credit loans
January 24, 2013 11:12
The Ministry of Finance has just issued a Circular
Recommendation to reduce lending interest rates in 2013
January 3, 2013 17:37
The National Financial Supervisory Commission believes that in the current economic context, it is unlikely that interest rate cuts will...
The government requires the banking industry to continue reducing lending rates.
December 9, 2012 08:35
Since the beginning of the year, the banking system has made efforts to reduce interest rates, sharing difficulties with the economy. In recent days, some banks have continued to adjust down the interest rates for mobilizing VND.
Government: Accelerate loan interest rate reduction in line with CPI reduction
May 10, 2012 17:30
According to the Resolution, the Government affirmed the need to persevere in achieving the goals and tasks set forth in the Resolutions of the Central Committee, the National Assembly, etc.
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