PM urges stronger measures to manage interest rates12/17/2024 10:52:43 PMPrime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to pro-actively, flexibly, promptly, and effectively manage the monetary policy in combination with the expansionary fiscal policy and others. Banks raise interest rates to attract depositors5/14/2024 8:19:59 PMMany banks have adjusted up savings interest rates by 0.2-0.3 percentage point per year since early this months to lure depositors in the context that the savings amount at the banking system has declined for the first time after 25 consecutive month increase. Banks lower saving interest rates right after Tet2/1/2023 8:20:55 PMThe race of interest rate hikes among commercial banks is showing signs of cooling down as many banks have adjusted down the rate by several percentage points per year after the lunar New Year (Tet) holiday and have set stricter conditions for customers to enjoy the high rates.
PM urges stronger measures to manage interest rates
Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to pro-actively, flexibly, promptly, and effectively manage the monetary policy in combination with the expansionary fiscal policy and others.