Maintain stable deposit interest rates, reduce lending interest rates

Conference overview.

Speaking at the opening of the conference, Deputy Governor of the State Bank Pham Thanh Ha said that, implementing the direction of the Government and the Prime Minister on striving to reduce lending interest rates to achieve the economic growth target of 8% or more in 2025 and the direction of the Governor of the State Bank in Directive 01/CT-NHNN dated January 20, 2025, since the beginning of the year, the State Bank has operated monetary policy proactively, flexibly, promptly, effectively, and coordinated synchronously, harmoniously, and closely with fiscal policy and other policies. Thereby, contributing to prioritizing the strong promotion of economic growth associated with maintaining macroeconomic stability, controlling inflation, and ensuring major balances of the economy.

According to the Deputy Governor, the economy has continued to maintain its growth momentum, with GDP in the first 6 months of 2025 increasing by 7.52%, the highest increase in the first 6 months of the 2021-2025 period. Inflation is under control, with an average of 3.27% in the first 6 months of 2025, in line with the National Assembly 's target. The monetary and foreign exchange markets are stable.

“Credit growth has been positive since the beginning of the year, improving compared to the same period in 2024. As of July 29, system-wide credit increased by 9.8% compared to the end of 2024, up 19.75% over the same period, both of which are positive growth rates compared to recent years,” Deputy Governor Pham Thanh Ha emphasized.

Deposit interest rates continue to be relatively stable, lending interest rates continue to decrease compared to the end of 2024; credit institutions have published lending interest rate information on the bank's website to provide more information for customers to refer to when accessing loans.

Deputy Governor of the State Bank Pham Thanh Ha chaired the conference.

According to the Deputy Governor, the Prime Minister has always paid close attention to and directed the interest rate developments. Recently, the Prime Minister assigned the State Bank to continue to closely monitor the stabilization of deposit interest rates and the reduction of lending interest rates of credit institutions, thereby having appropriate solutions.

On that basis, the State Bank held a meeting with the system of credit institutions to thoroughly instruct credit institutions and foreign bank branches to stabilize deposit interest rates and reduce lending interest rates.

At the meeting, the State Bank requested credit institutions to thoroughly implement the direction of the Government, the Prime Minister and the State Bank to stabilize deposit interest rates; continue to reduce operating costs, promote digital transformation, and be willing to share part of profits to reduce lending interest rates to support people and businesses in accessing bank credit capital, promoting economic development; increase safe and effective credit growth, direct credit to production and business sectors, priority sectors and growth drivers; strictly control credit for potentially risky sectors, ensuring safety and efficiency.

The State Bank will continue to closely monitor developments in deposit and lending interest rates, and the publication of lending interest rates on the websites of credit institutions; strengthen inspection, examination, and supervision of the implementation of policies and directions of the Government, the Prime Minister, and the State Bank on deposit and lending interest rates.

In management, the State Bank continues to closely follow domestic and international market developments, is ready to support liquidity to create conditions for credit institutions to supply credit to the economy and promptly has appropriate monetary policy management solutions.

The State Bank requires credit institutions to thoroughly grasp and immediately carry out assigned tasks on stabilizing and reducing interest rates according to the direction of the Government, the Prime Minister and the State Bank.

NEWS AND PHOTOS: HONG ANH

Source: https://nhandan.vn/giu-on-dinh-lai-suat-tien-gui-giam-lai-suat-cho-vay-post898543.html