lowering interest rates poses challenges ahead

Lowering interest rates poses challenges ahead

Savers are increasingly concerned about the prospect of lower deposit interest rates. Economic expert Le Xuan Nghia talked to VIR’s Hong Dung about the challenges of reducing such rates in the near future due to uncertainties in adhering to positive principles.
lending interest rates continue on downward trend

Lending interest rates continue on downward trend

Commercial banks have reduced lending rates in favour of business and production activities, but borrowing remains low.
experts share mixed sentiments on forex in 2024

Experts share mixed sentiments on forex in 2024

Banking experts have mixed views about the foreign exchange situation amid volatile landscape at home and abroad.
well positioned to capture growth opportunities in vietnam

Well-positioned to capture growth opportunities in Vietnam

The global operating environment was challenging in 2023, with geopolitical conflicts, slow global growth, high interest rates, and extreme climate events. The Vietnamese economy, including its domestic real estate market, was not immune to these challenges.
record low interest rates drive early year credit growth

Record-low interest rates drive early-year credit growth

Since the beginning of the year, numerous banks have launched attractive credit packages with low interest rates, some even as low as 0% per year, easing the financial burden for customers seeking additional capital, particularly during the time leading up to Tet (Lunar New Year holiday).
banking sector gets ball rolling on 2024 performance

Banking sector gets ball rolling on 2024 performance

Forecasts for Vietnam from financial institutions are optimistic for this year, primarily due to policies for reducing interest rates and bolstering digitalisation.
us fed rate cuts become question of when not if

US Fed rate cuts become question of when, not if

The US Federal Reserve is widely expected to start cutting interest rates in the coming months, as inflation edges closer to its long-run target of two percent.
ecb to signal no rush to cut interest rates

ECB to signal no rush to cut interest rates

European Central Bank policymakers are expected to keep interest rates steady on Thursday and signal they are in no hurry to start slashing borrowing costs despite progress against inflation.
us fed rate cuts could come before third quarter official

US Fed rate cuts could come before third quarter: official

The US Federal Reserve could begin cutting interest rates "sooner than the third quarter" of this year, a voting member of the central bank's rate-setting committee said Thursday.
us fed within striking distance of inflation target official

US Fed 'within striking distance' of inflation target: official

The US Federal Reserve is "within striking distance" of reaching its long-term inflation target and could begin cutting interest rates this year, a senior official said Tuesday.
real estate companies offer discounts

Real estate companies offer discounts

Real estate companies are offering discounts, promotions, and after-sales policies that are beneficial for customers.
prospects for growth in low interest rate environment

Prospects for growth in low-interest rate environment

The Vietnamese economy has passed its hardest time, and a mild recovery will be the theme of 2024. The prevailing trend in interest rates is holding steady at low level. Therefore, selective investment activities are recommended in specific industry groups with unique narratives.
new colours painted for vietnams recovery

New colours painted for Vietnam’s recovery

After witnessing a series of uncertainty throughout 2022, in particular with interest rates and foreign exchange movement, Vietnam’s economy was expected to adopt a V-shaped recovery in 2023. That said, some headwinds remained as global and local financial market turmoil posed downside risks to growth, while at the same time undermining authorities’ efforts in managing policies for macroeconomic stabilisation and inflation control.
asian markets bounce with wall st as us data fans rate cut bets

Asian markets bounce with Wall St as US data fans rate-cut bets

Asian markets pressed ahead with their rally Friday as another round of US data further stoked expectations that the Federal Reserve will cut interest rates more than it has indicated next year.
lending rate forecast to be cut by 1 15pp 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.