Vietnam central bank: Central bank cuts compulsory reserve interest rates to support pandemic-hit economy

Vietnam central bank Tin tức

Central bank cuts compulsory reserve interest rates to support pandemic-hit economy

The State Bank of Vietnam announced late Thursday it has lowered rates on compulsory reserves at banks by 0.2-0.5 percentage points to back the economy devastated by the Covid-19 pandemic.

Vietnam’s five-month credit growth falls to six-year low at 1.96% on virus

Credit growth from end-2019 to May 29 fell to 1.96%, lowest since 2014 due to low borrowing demand when most businesses were hit by COVID-19 pandemic, central bank said on Friday.

16/03/2020 - 20:28
Vietnam’s central bank cuts rate by 1ppt to 5% to support growth amid virus ...

Vietnam’s central bank cuts interest rates for the first time in this year to support the gloomy economy amid coronavirus fears spreading globally.

25/02/2020 - 09:43
Vietnam’s central bank asks lenders to support coronavirus-hit firms

Vietnam’s central bank ordered commercial lenders to cut or delay interest payments on loans to enterprises suffering losses from the coronavirus epidemic, regulator said in a statement on its website on Monday.