interest rate cut
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.
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.
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.
Within two months, the State Bank of Vietnam (SBV) slashed interest rates twice to support the economy.
If the the epidemic is contained by the second quarter of 2020, the profits of some commercial banks may recover from 2021.
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.
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.
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.