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Việt Nam struggles to keep interest rates low amid funding, inflation pressures

Việt Nam struggles to keep interest rates low amid funding, inflation pressures

Việt Nam’s efforts to lower borrowing costs are facing growing pressure from strong demand for credit, rising deposit rates, inflation and currency-market uncertainty, complicating the Government’s goal of sustaining economic growth of 10 per cent or more.
MSB, FXChange plan automated foreign exchange kiosks in Việt Nam

MSB, FXChange plan automated foreign exchange kiosks in Việt Nam

MSB and FXChange will prepare a proposal for submission to the State Bank of Vietnam (SBV) to seek approval for a self-service foreign exchange agency model, which would operate without staff permanently stationed at the kiosks.
Việt Nams growth outlook remains strong amid global volatility

Việt Nam’s growth outlook remains strong amid global volatility

Despite global market volatility and monetary pressures, UOB remains positive about Việt Nam’s growth prospects, infrastructure spending, artificial intelligence demand, exports, foreign direct investment (FDI) and tourism expected to remain key drivers.
Banks take action to cut lending rates for SMEs as Việt Nam seeks faster growth

Banks take action to cut lending rates for SMEs as Việt Nam seeks faster growth

Official statistics show that by July 31, total outstanding credit in the economy had reached nearly VNĐ20.3 quadrillion, up 8.98 per cent from the end of 2025. Corporate borrowers accounted for more than VNĐ10.7 quadrillion, while loans to SMEs exceeded...
Interest support scheme proposes to encourage investment in technology innovation

Interest support scheme proposes to encourage investment in technology innovation

Enterprises would receive State support covering 50 per cent of interest payments on commercial loans used for technology application, transfer and innovation projects, capped at 6 per cent a year for up to five years.
Central bank warns public over foreign exchange trading risks

Central bank warns public over foreign exchange trading risks

It warned against buying, selling or exchanging foreign currency between individuals or through unlicensed organisations because of counterfeit currency risks and legal violations.
Banks split on lending rate adjustments in May

Banks split on lending rate adjustments in May

Twenty banks had disclosed their average lending rates for May as of June 21 with six reducing average lending rates and the remaining raising them, according to data released by the State Bank of Vietnam (SBV).
Currency holds steady despite mounting pressures

Currency holds steady despite mounting pressures

Exchange-rate stability has emerged as one of Việt Nam’s macroeconomic bright spots this year, despite mounting pressure from a record trade deficit and an uncertain global outlook.
PM approves programme to promote the development of supporting industry

PM approves programme to promote the development of supporting industry

The programme emphasises linking development of the supporting industry with innovation, technology, digital transformation and greater participation in regional and global supply chains.
Central bank steps up inspections as some banks raise deposit rates

Central bank steps up inspections as some banks raise deposit rates

The State Bank of Vietnam has kept key policy rates unchanged to ensure banks could access central bank funding at relatively low cost.
Banks cut rates following SBVs call

Banks cut rates following SBV’s call

Vietcombank also cut rates by 0.5 percentage points for 24-month deposits, bringing its highest rate down to 6 per cent.
Banks pledge to reduce lending rates after central bank meeting

Banks pledge to reduce lending rates after central bank meeting

Commercial banks have committed to lower deposit and lending rates to support economic growth and manage inflation risks at the meeting with Governor of the State Bank of Việt Nam Phạm Đức Ấn on April 9.
Derivative instruments help firms mitigate forex risk

Derivative instruments help firms mitigate forex risk

In the domestic market, the foreign exchange market is under direct pressure from the upward trend of the international market.
State Bank moves to keep interest rates stable

State Bank moves to keep interest rates stable

Banks must continue publicly disclosing average lending rates, the spread between deposit and lending rates, and interest rates of credit schemes and packages on their websites, making it easier for individuals and firms to access capital.
Tết car rental prices surge nationwide

Tết car rental prices surge nationwide

With economic difficulties discouraging car purchases this year, many people still want a vehicle for holiday travel, pushing demand higher than usual.