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Update news lending interest rates
Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu says a bank officer told him that many businesses don’t have demand for capital and many want to give newly borrowed loans back.
According to the State Bank of Vietnam (SBV), by the beginning of July, the whole economy's credit reached VND11.4 quadrillion, up 9.35 percent, while it only increased by about 6 percent in the same period last year.
Commercial banks are expected to lower lending interest rates after getting more support to cut input costs from the State Bank of Viet Nam (SBV)’s...
The developers of road projects under the BOT (build, operate, transfer) investment mode complain that lending interest rates are too high, up to 10.5 percent per annum.