State Bank revises up interest rates by 1 percent from September 23

State Bank revises up interest rates by 1 percent from September 23

Governor of the State Bank of Vietnam Nguyen Thi Hong has issued decisions on revising up several interest rates by 1 percent, starting from September 23.
Lenders contend with interest rates

Lenders contend with interest rates

Maintaining steady interest rates is set to be a challenge for Vietnam’s central bank amid unfavourable global events and domestic pressures.
Ensuring optimal funding efficiency in flexible context

Ensuring optimal funding efficiency in flexible context

Globally, inflation has reached a record level in the past four decades due to two main factors. Firstly, central banks around the world have pumped out a big chunk of money to aid the economic rebound. For instance, Japan has pumped out a money volume equal to 58 per cent of its GDP, and the figure for the US is 30 per cent.
Steep hills ahead for investors

Steep hills ahead for investors

Unprecedented global factors, rising interest rates, and inflation running record highs are hampering investors’ appetite, with those who seek higher yields pondering other novel investment channels.
Vietnam in good stead as Fed takes big action

Vietnam in good stead as Fed takes big action

The US Federal Reserve has raised interest rates by 75 basis points, the most aggressive increase since 1994, to combat rising inflation – but in Vietnam, a return to normal monetary policy is perhaps on the horizon for the State Bank of Vietnam.
Vietnam's credit growth expands by over 17 percent

Vietnam's credit growth expands by over 17 percent

Vietnam’s credit growth as of June 9 expanded by 17.09 percent against the same period last year, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu said on June 15.
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.
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