Banks cut rates to boost business

Banks cut rates to boost business

Commercial banks have been playing a crucial role in supporting economic growth through their recent interest rate reductions.
Deposit rate drops ensure banking system stability

Deposit rate drops ensure banking system stability

Vietnam’s move to cut treasury bill rates, inject long-term liquidity, and support lower deposit rates is a strategic step to ensure banking system stability and reduce capital costs.
Banks adjust to balance and cut costs

Banks adjust to balance and cut costs

With simultaneous interest rate cuts and accelerated credit disbursement, banks are fuelling Vietnam’s economic breakthrough, driving towards the ambitious targets of 8 per cent GDP growth and 16 per cent credit expansion this year.
Positive rate movement following government commitment

Positive rate movement following government commitment

Banks have taken swift action to reduce their deposit rates following a meeting with the central bank (SBV) on implementing measures to stabilise deposit rates on February 25.
Experts ponder exchange rate prospects for 2025

Experts ponder exchange rate prospects for 2025

The VND-USD exchange rate has been fluctuating continuously throughout 2024.
Fed goes big with long-awaited cut

Fed goes big with long-awaited cut

The US Federal Reserve’s latest interest rate cut is expected to ease pressure on Vietnam’s exchange rates, support domestic monetary policy, and potentially reverse foreign capital outflows, benefiting the country’s stock market and general economy.
Fed under pressure to cut rates as market turmoil continues

Fed under pressure to cut rates as market turmoil continues

The ongoing global stock sell-off has fueled calls for the US Federal Reserve to lower interest rates swiftly and decisively, with some analysts now calling for it to make an emergency cut before its September rate decision.
Interest rate hike may not be suitable answer

Interest rate hike may not be suitable answer

Raising interest rates amid low credit growth will negatively impact the economy and are not the optimal solution for stabilising the current high exchange rate, economists have said.
Impacts of delayed interest rate ease

Impacts of delayed interest rate ease

There is a potential delay in interest rate cuts until November due to strong economic indicators, while Asia’s bond markets, particularly in credit and environmental sectors, are poised for robust performance and growth this year.
Asian stocks struggle to track Wall St higher, earnings in focus

Asian stocks struggle to track Wall St higher, earnings in focus

Asian markets mostly fell Friday as traders struggled to build on Wall Street's positive lead, with hopes for a June interest rate cut fading, while earnings season gets underway in the United States amid optimism for companies' profit outlooks.
New colours painted for Vietnam’s recovery

New colours painted for Vietnam’s recovery

After witnessing a series of uncertainty throughout 2022, in particular with interest rates and foreign exchange movement, Vietnam’s economy was expected to adopt a V-shaped recovery in 2023.
Interest rate cutbacks designed to assist borrowers

Interest rate cutbacks designed to assist borrowers

Several Vietnamese banks implemented substantial interest rate reductions in 2023 to stimulate loan uptake across various sectors, despite challenges in meeting credit growth targets.
Exchange rate pressure to soften by year end

Exchange rate pressure to soften by year end

The VND-dollar exchange rate is expected to soften in the coming months.
Exchange rate pressure to soothe by end of 2023: expert

Exchange rate pressure to soothe by end of 2023: expert

Pressure on exchange rates looks to ease up in the final months of the year.
Interest rate anchoring in US supporting VND status

Interest rate anchoring in US supporting VND status

The US Federal Reserve’s July interest rate rise by 0.25 percentage points, resulting in policy rates reaching a 22-year high, may not be the end of the matter given the recent trend of continuously lowering interest rates.
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