Hanoi (VNA) - The interest rate will continue to be stable over the remaining months of the year, according to the State Bank of Vietnam (SBV).
The move was made as there has been some concern about an interest rate hike coming soon.
SBV deputy governor, Nguyen Thi Hong, said though deposit interest rates increased slightly in the first months of the year, the lending interest rate remained relatively stable.
After rising by roughly 0.2-0.3 percent per year in the first quarter, the interest rate has been adjusted down slightly since April, according to the SBV.
State-owned commercial banks and some joint stock commercial banks have adjusted down their lending rate by 0.5 percent per year for short-term loans. The rate for medium- and long-term loans in production and business sectors has been also kept at a maximum of 10 percent per year.
SBV affirmed that it will continuously instruct commercial banks to balance their mobilised capital source and lending capital source to stabilise deposit interest rates in the remaining months of the year.
Enhancing business performance and cutting input costs are also required to be able to lower lending rates.
According to some experts, interest rates will remain high and continue to rise slightly in the coming months.
The Dau tu (Vietnam Investment Review) quoted Prof Tran Du Lich, a member of the Advisory Council of National Monetary and Financial Policy, as saying that the interest rate is unlikely to decrease by the end of the year. The best option is to try to keep the interest rate at the current level.
Financial expert Huynh Trung Minh also says that deposit rates have increased since the first two quarters of the year and will not stop in the second half.
“With the current inflation rate, the real interest rate for depositors is positive and when inflation rises in the coming period, interest rates will move with the same trend,” Minh told the Dau tư newspaper.
The increase of deposit rates has raised concern about a lending rate🏅 hike, despite the fact that banks are urging🐭 to promote credit demand by preferential interest rates.-VNA
The State Bank of Vietnam (SBV) has flexibly managed the interest rate policy to suit the market and currency exchange demand and support businesses, stated SBV Deputy Governor Nguyen Thi Hong.
The list of banks taking part in the race to raise deposit rates continues to lengthen, and this has taken the interest rate on long-term deposits to 8.4 percent.
Deposit interest rates in the Vietnamese dong this year are expected to rise one percent against last year, according to a report from the National Financial Supervisory Commission (NFSC).
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
Illustrative image (Source:doisongphapluat.com)
