Require banks to reduce interest rates and publicly disclose the difference between deposit and lending interest rates

The State Bank requires the entire banking system to drastically implement solutions to stabilize deposit interest rates and strive to reduce lending interest rates.

The State Bank of Vietnam (SBV) issued Official Dispatch No. 6784 requesting the entire banking system to resolutely implement solutions to stabilize deposit interest rates and strive to reduce lending interest rates, contributing to promoting economic growth in 2025 under the direction of the Government and Prime Minister.

Accordingly, credit institutions need to seriously implement Directive 01 of the Governor of the State Bank, focus on stabilizing the macro economy, controlling inflation and achieving the GDP growth target of 8% or more this year. The State Bank requires banks to reduce costs, promote the application of technology, and improve procedures to create room for reducing loan interest rates, thereby supporting people and businesses to access credit capital.

Banks are also required to maintain public disclosure of average lending interest rates, the difference between deposit and lending interest rates, as well as information on preferential credit programs on the credit institution's website, making it easy for customers to look up and access.

As for the State Bank of Vietnam's local branches, this agency directs close supervision of the policy implementation of credit institutions in the area, strengthens inspection and examination, and proactively communicates about interest rate reduction measures so that people and businesses are fully aware.

The State Bank of Vietnam affirmed that it will closely monitor developments in deposit and lending interest rates, tighten inspection of public posting of lending interest rates, and promptly handle violations, if any.

nld.com.vn

Source: https://baolaocai.vn/yeu-cac-ngan-hang-giam-lai-suat-cong-khai-chenh-lech-lai-suat-huy-dong-cho-vay-post878823.html