Banks must seriously publicize lending interest rates.

The State Bank will closely monitor developments in deposit and lending interest rates, the announcement of lending interest rates, and the difference between lending and mobilization interest rates on the websites of credit institutions.

On August 4, the State Bank of Vietnam (SBV) issued a document directing and urging the banking system to resolutely and effectively implement solutions to stabilize deposit interest rates and reduce lending interest rates.

Accordingly, the SBV requires credit institutions to strictly implement the direction of the SBV Governor in Directive No. 01 on organizing the implementation of key tasks of the banking sector in 2025 to contribute to stabilizing the macro economy , controlling inflation, and achieving the growth target of 8% or more this year.

Banks need to implement solutions to reduce deposit interest rates, contribute to stabilizing the monetary market, and create room to reduce lending interest rates.

Continue to implement more drastic measures to reduce operating costs, increase the application of information technology, digital transformation, simplify procedures and other measures to reduce lending interest rates, support people and businesses to access credit sources.

Monthly, maintain publication of average lending interest rates, average deposit and lending interest rate differential, lending interest rates for credit programs, credit packages and other types of lending interest rates (if any) on the credit institution's website.

The State Bank will closely monitor interest rate developments and public announcements on the information portals of credit institutions. Photo: Nam Khanh

Credit growth must ensure safety and efficiency, prioritizing capital sources for production and business, priority sectors and growth drivers; at the same time, strictly control credit in risky sectors.

For regional branches of the State Bank of Vietnam, the State Bank of Vietnam requires these units to direct credit institutions in the area to stabilize deposit interest rates, drastically implement measures to strive to reduce lending interest rates; continue to strictly implement the publication of information on lending interest rates, preferential interest rate credit programs (if any) so that customers can easily access and look up information.

Strengthen close monitoring of developments in deposit interest rates and lending interest rates in the area; direct inspection, examination and supervision of credit institutions and credit institution branches in the area in implementing policies and strategies on stabilizing deposit interest rates and reducing lending interest rates; proactively handle within authority and report to the Governor of the State Bank of Vietnam on issues beyond authority.

The State Bank will 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 credit institutions' implementation of policies and directions of the Government, the Prime Minister , and the State Bank on deposit and lending interest rates.

Source: https://vietnamnet.vn/ngan-hang-phai-nghiem-tuc-thuc-hien-cong-khai-lai-suat-cho-vay-2428792.html