Vietnamese banks reduce interest rates below 8.8%
Domestic banks in Vietnam have reduced their deposit interest rates to below 8.8% for all terms of 12 months or less in line with the central bank’s instructions.
Domestic banks in Vietnam have reduced their deposit interest rates to below 8.8% for all terms of 12 months or less in line with the central bank’s instructions.
The State Bank of Vietnam (SBV) has expected credit growth to hit 14-15% this year, leaving a possibility that it might adjust the orientation to suit the actual business situation and developments.
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