These credit institutions include the Bank for Foreign Trade of Vietnam (Vietcombank), the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) and the Sai Gon – Hanoi Joint Stock Commercial Bank (SHB).
In Vietinbank, the lending rates will be lowered to the maximum of 15% from July 15. Besides, the bank would also boost lending to medium and small businesses and those operating in agriculture, export and supporting industries.
The bank is planning to offer a credit package of billions of dong at an interest rate of 7-8 percent a year.
SHB on Wednesday instructed its branches to reduce loan interest rate on old debts to 15% a year.
Earlier on July 7, Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh asked commercial banks to lower interest rates on their old debts to below 15%./.
By Kim Anh