Lending rate forecast to be cut by 1-1.5pp in 2024

Lending rate forecast to be cut by 1-1.5pp in 2024

There will be little room for further reduction in deposit interest rates in 2024 as they have dropped deeply to pre-COVID-19 levels, while the lending interest rate can still be lowered by 1-1.5 percentage points next year, Vietcombank Securities (VCBS) forecast.
Lending rate lag still causing bank unease

Lending rate lag still causing bank unease

Banks remain in a phase of inventory, facing challenges in the active monetisation of funds and resulting in an accumulation of excess liquidity.
Falling interest rates likely in H2

Falling interest rates likely in H2

Interest rates are likely to soften in the coming months, citing several factors in both the domestic and international markets.
Social housing lending a pillar of welfare activities

Social housing lending a pillar of welfare activities

The deputy general director of Vietnam Bank for Social Policies shares the highlights of the bank’s social housing lending programme this year.
Social housing lending rate proposed to be lowered

Social housing lending rate proposed to be lowered

The HCM City Real Estate Association has proposed social housing lending rates be lowered to 3-3.5 per year to create favourable conditions for low-income earners to afford homes.
Banks struggle to make capital work

Banks struggle to make capital work

Banks are continuing to sit on a pile cash with few firms ready to talk business.
Big interest in stabilising financial market

Big interest in stabilising financial market

Industry insiders have suggested measures to help bring order to the domestic financial market.
Banks scramble to raise lending rates

Banks scramble to raise lending rates

Local banks are scaling up personal loan lending rates to cover escalating operational costs.
Banks putting shoulders to the wheel

Banks putting shoulders to the wheel

Local banks are working to meet macroeconomy stabilisation measures.