Banks to lower interest rates further: SBV Deputy Governor

Banks to lower interest rates further: SBV Deputy Governor

During a seminar on "Opening Capital Flow into Production and Business" hosted by Tuoi Tre Newspaper on March 30, the Standing Deputy Governor of the State Bank of Vietnam (SBV), Dao Minh Tu, emphasized SBV's message to lower interest rates.
Gold drops to near VND67 million per tael

Gold drops to near VND67 million per tael

On March 22, the price of gold in Vietnam experienced a decline of VND300,000 per tael (1.2 ounces), retreating to near VND67 million per tael due to a sharp drop in the global gold price.
Interest rates on downward momentum

Interest rates on downward momentum

One week after the State Bank of Vietnam (SBV) reduced the benchmark interest rates, the deposit interest rates in the market continued the downward trend.
Interest rates gradually cool down

Interest rates gradually cool down

Commercial banks have agreed to lower deposit interest rates by about 0.5 percent starting from March 6, while State-owned banks will only reduce their rates by 0.2 percent because they are already at the lowest level in the market.
Reducing interest rates, balancing benefits

Reducing interest rates, balancing benefits

Many experts said that interest rates in Vietnam are currently too high, so it is necessary to reduce them to support people and enterprises to recover and develop production and business activities.