Banks under pressure despite positive credit recovery

Banks under pressure despite positive credit recovery

Though credit demand is recovering quickly, banks still have to face big challenges related to rising bad debts, provisions and deposit interest rates.
Rate switches sought to bolster businesses

Rate switches sought to bolster businesses

Businesses are advocating for a holistic strategy to support their community to ride out the bumps associated with prospective rising interest rates, including flexible regulations on preferential lending rates mechanisms and extensions for repayment deadlines.
Direction steady for low interest rates

Direction steady for low interest rates

The local central bank is anticipated to maintain its accommodative stance while keeping a close eye on inflationary concerns and, as a result, economists expect that a likely larger interest rate rise would further boost credit growth.
Fed prepared to raise interest rates 'aggressively:' Powell

Fed prepared to raise interest rates 'aggressively:' Powell

The US central bank is prepared to raise interest rates by bigger steps than the quarter-point hike announced last week if that is what's needed to contain "much too high" inflation, Federal Reserve Chair Jerome Powell said Monday.
Low interest rates predicted to remain for last two months of 2021

Low interest rates predicted to remain for last two months of 2021

Low interest rates are predicted to remain in November and December this year.
Standard Chartered launches preferential loan programme for hybrid cars

Standard Chartered launches preferential loan programme for hybrid cars

Standard Chartered Bank Vietnam launched an environmentally-friendly automobile loan, offering one of the most preferential interest rates.
Reliable strategies required

Reliable strategies required

As a year full of economic ups and downs is coming to an end, investors are looking for the light at the end of the tunnel, represented by the long-awaited COVID-19 vaccines across the globe.
Seeking strong returns in a low interest rate environment

Seeking strong returns in a low interest rate environment

Interest rates have reached their lowest levels in five years.
Banks cut interest rates from October

Banks cut interest rates from October

Many banks have cut deposit interest rates after the State Bank of Vietnam (SBV) lowered the ceiling levels of interest rates from October 1.
Local lenders prepare for pandemic shock

Local lenders prepare for pandemic shock

Public health challenges have thrown Vietnam’s banking system into gyrations, pushing lenders to become more risk averse and brace for a wave of defaults, amidst efforts to cut interest rates from the central bank to offset the economy.
Banks cut home loan interest rates

Banks cut home loan interest rates

Interest rates of home loans at commercial banks have tended to reduce significantly since the second half of July due to low capital demand from business and production.
State Bank of Vietnam cuts some interest rates

State Bank of Vietnam cuts some interest rates

The State Bank of Vietnam (SBV) on August 6 announced its decision on cutting some policy rates with immediate effect, the second time this year following the adjustment on March 16.
SBV’s policy rate cut a positive sign for market, economy: experts

SBV’s policy rate cut a positive sign for market, economy: experts

The State Bank of Vietnam (SBV)’s interest rate cut is a positive sign for the market and economy, especially for businesses with loans, according to experts.
SBV interest rate cuts to allay economic difficulties

SBV interest rate cuts to allay economic difficulties

Interest rate cuts by the State Bank of Vietnam (SBV) and cost savings among credit institutions will pave the way for sustainable lending rate reductions, thus easing difficulties faced by businesses.
Banks cut savings rates to ensure lower-interest loans

Banks cut savings rates to ensure lower-interest loans

A number of commercial banks have lowered their interest rates on savings accounts by 0.1-0.4 percentage points in order to offer loans at a lower interest rate to businesses and individuals affected by the COVID-19 outbreak.
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