Banks have started lowering lending interest rates.

Specifically, Nam A Bank has proactively adjusted and reduced lending interest rates for businesses, contributing to economic development in line with the policies of the Government and the State Bank of Vietnam (SBV).

This interest rate reduction was implemented by Nam A Bank immediately after the State Bank of Vietnam's meeting with credit institutions on monetary policy management. For corporate customers, Nam A Bank adjusted lending interest rates downwards in line with the reduction in deposit interest rates.

Small and medium-sized enterprises (SMEs) will enjoy a "double benefit" with an additional reduction of 1-1.5% per year on the adjusted interest rate through the "Nam A Bank accompanies SME customers" program, with interest rates starting from 9% per year (VND) and 4.5% per year (USD).

Banks have started lowering lending interest rates.

The program is designed in conjunction with two key credit products, Fast Track and Super-Fast Credit, forming a comprehensive financial solution package that optimizes capital costs and shortens the time it takes for businesses to access credit. These two products are built with a focus on streamlining processes, minimizing documentation requirements, and accelerating approval times, helping businesses quickly replenish working capital and enhance their financial capacity in a challenging market environment.

In terms of scale, the Fast Track product meets flexible capital needs with limits up to VND 5 billion, while the Super-Fast Credit product allows access to larger capital sources, up to VND 30 billion. Notably, the credit-to-asset ratio of up to 90% is considered a highlight, contributing to increased access to capital and optimizing the efficient use of assets for businesses.

Alongside its interest rate policy, Nam A Bank continues to implement many preferential programs for corporate customers. Specifically, businesses with collateral in the form of goods stored in cold storage (meat, fruits, agricultural products) will be eligible for a specialized financing program with a credit ratio of up to 70% of the collateral value, interest rates from 9%/year (VND) and 4.5%/year (USD), and a reduction of up to 50% in international payment fees. This solution is expected to effectively support businesses in the agricultural and import-export sectors.

Following the State Bank of Vietnam's directive on stabilizing interest rates, Agribank and other state-owned commercial banks have proactively lowered lending interest rates. Simultaneously, Agribank was the first bank to announce a 0.5% reduction in lending interest rates. The reduction in deposit interest rates by these banks will create a foundation for gradually lowering lending interest rates, supporting businesses in recovering production and business activities, and contributing to macroeconomic stability amidst increasing capital demand in the economy.

The State Bank of Vietnam (SBV) stated that in the coming period, it will continue to closely monitor developments in deposit and lending interest rates, and the publication of lending interest rates on banks' websites; implement appropriate monetary policy measures, and be ready to support liquidity for commercial banks. At the same time, the SBV will strengthen inspection, examination, and supervision of banks' implementation of the Government's, Prime Minister's , and SBV's directives on deposit and lending interest rates; and strictly handle violations in the capital mobilization and credit granting activities of commercial banks.

Regarding recent deposit and lending interest rates, in his speech to the National Assembly on the afternoon of April 9th, Prime Minister Le Minh Hung stated that he had directly instructed the Governor of the State Bank of Vietnam to take measures to manage and regulate the market to stabilize both deposit and lending interest rates.

Source: https://baodautu.vn/ngan-hang-bat-dau-giam-lai-suat-cho-vay-d567162.html