Implement solutions to reduce lending interest rates

The State Bank requires credit institutions to reduce lending rates to support economic growth.

Accordingly, the State Bank requires credit institutions to strictly implement the direction of the Governor of the State Bank in Directive No. 01/CT-NHNN dated January 20, 2025 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 in 2025.

The State Bank requires credit institutions to implement solutions to stabilize and strive to reduce deposit interest rates, contributing to stabilizing the monetary market, creating room to reduce lending interest rates in accordance with the direction of the Government, the Prime Minister and the State Bank.

Continue to implement more drastically and effectively the direction of the Government , Prime Minister and State Bank in reducing operating costs, enhancing the application of information technology, digital transformation, simplifying procedures and other measures to reduce lending interest rates, support people and businesses in accessing bank credit capital, and promote production and business development.

Every month, credit institutions must continue to publish average lending interest rates, the difference between average deposit and lending interest rates, lending interest rates for credit programs, credit packages and other types of lending interest rates (if any) on the credit institution's website so that customers, people and businesses can conveniently access and look up information.

In particular, the State Bank also requires credit institutions to ensure safe and effective credit growth, focusing on prioritizing the allocation of credit capital to production and business sectors, priority sectors and economic growth drivers; strictly controlling credit to potentially risky sectors. Strengthening communication and guidance for customers on loan interest rate reduction policies, promptly and fully disclosing information so that customers can grasp and access credit institutions' policies.

For the State Bank of the Region, the executive agency also requested 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) to facilitate customers in accessing and looking 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 of the Government, the Prime Minister and the State Bank on stabilizing deposit interest rates and reducing lending interest rates; proactively handle within authority and report to the Governor of the State Bank on issues beyond authority.

Proactively deploy communication on policies and directions of the Government, Prime Minister, and State Bank in the area so that credit institutions can actively implement solutions to reduce lending interest rates so that people and businesses can easily grasp and access these solutions.

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.

HONG ANH

Source: https://nhandan.vn/trien-khai-cac-giai-phap-giam-lai-suat-cho-vay-post898728.html