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Saturday, December 3, 2022
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interest rates

High lending rates dampen housing market

HCMC – Increasing interest rates are forcing homebuyers to make difficult decisions, including selling their homes to pay off their mortgages. Interest rates on consumer...

Banks offer high rates to attract demand savings

HCMC - With the ratio of current account, savings account (CASA) having dropped sharply in the last nine months, many banks have raised interest...

Vietnam’s central bank announces 2nd interest rate hike in just one month

HCMC – The State Bank of Vietnam (SBV), the central bank of the nation, announced last night (October 24), that key interest rates would...

SBV drains VND57.6 trillion from market

HCMC – The State Bank of Vietnam (SBV) withdrew a net amount of VND57.6 trillion from the market to keep liquidity in the banking system scantly...

Local banks hike savings rates

HCMC – Many banks have hiked interest rates for savings in all tenors since the State Bank of Vietnam increased key interest rates and...

Vietnam’s central bank hikes interest rates after Fed move

 The State Bank of Vietnam (SBV), the nation’s central bank, has decided to hike key interest rates by one percentage point, with effect from...

SBV urges banks to keep interest rates stable

HCMC - The State Bank of Vietnam (SBV) has told banks to maintain constant lending interest rates by cutting costs and strengthening the operating...

Experts propose tighter monetary policy to combat inflation

HCMC – The Government should exercise caution against expansionary monetary and fiscal policies to ensure tapping Vietnam’s economic potential without fueling inflation in the...

Vietnam’s central bank hikes interest rates after Fed move

HCMC – The State Bank of Vietnam (SBV), the nation’s central bank, has decided to hike key interest rates by one percentage point, with...

A long wait

Outstanding loans in the banking system as of August 15 had totaled more than VND11,450 trillion, up 9.62%. Credit had grown 9.35% in the...

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