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interest rate cut
Update news interest rate cut
Banks say money plentiful, but many businesses not borrowing
The State Bank of Vietnam (SBV) reported that as of the end of May, credit had grown by 1.96 percent compared with the end of 2019, lower than the 5.74 percent of the same period last year.
VND16 trillion credit package inaccessible to businesses
The Vietnam Bank for Social Policies (VBSP) is ready to disburse VND16 trillion for enterprises that need money to pay to workers. But none of them have accessed the package.
Vietnamese enterprises encouraged to focus on home market
Focusing on the home market is one of the important solutions that will help enterprises restore production and business after Covid-19 ends, experts say.
Two scenarios for Vietnam's economic recovery
Vietnam has to be very cautious when choosing and implementing a plan to reactivate the economy.
Is an interest-rate cut enough to recover VN economy?
Within two months, the State Bank of Vietnam (SBV) slashed interest rates twice to support the economy.
Some local banks to recover fast after the epidemic
If the the epidemic is contained by the second quarter of 2020, the profits of some commercial banks may recover from 2021.
Covid-19’s impact on banking sector quantified
Many commercial banks have had to reduce operation costs and adjust business plans.
Businesses want more than just an interest rate cut, seek bailout
Not putting high hopes on the interest rate cuts made by the State Bank of Vietnam (SBV) recently, the market is still waiting for a bailout to cover all business fields.
What benefits can Vietnam’s economy expect from an interest rate cut?
The US FED has launched an unprecedented bailout to help the economy cope with Covid-19. Meanwhile, the State Bank of Vietnam (SBV) has cut the 1-6 month term deposit interest rate ceiling.
Central bank cuts interest rates to buffer COVID-19 impact
The State Bank of Vietnam (SBV) will cut its policy rates starting from March 17 in an attempt to support the economy which has been hurt by the COVID-19 outbreak.
