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Tuesday, July 16, 2024

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interest rate cut

Most loans in HCMC bear interest rates below 10%

HCMC – Interest rates on loans in HCMC have declined significantly, with 63% of outstanding loans bearing rates below 9.75%, according to the State...

NA Economic Committee urges more interest rate cuts in 2024

HCMC – The National Assembly (NA) Economic Committee has recommended interest rates should be further cut next year to make loans cheaper for businesses. The...

Bank deposits hit record high despite interest rate cuts

Your browser does not support the video tag. Deposits at commercial banks in Vietnam had reached an all-time high of over VND12.3 quadrillion in the...

SBV tells banks to further cut lending rates

HCMC – The State Bank of Vietnam (SBV), the country's central bank, has written to commercial banks asking them to further lower lending rates. Domestic...

Market expectations for July

Although the market may slow down in July, there will be divergence among industry groups, as money continues to move flexibly to those companies...

PM calls for further interest rate cuts

Your browser does not support the video tag. Prime Minister Pham Minh Chinh has urged the State Bank of Vietnam (SBV) and commercial banks to...

Deposits soar in Q1 despite interest rate cuts

 Individuals’ deposits at commercial banks in the first quarter of 2023 soared by around VND415 trillion, the highest level in over 10 years, despite...

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