Accordingly, the lending interest for production and business decreases from 0.3 to 0.5 percent per year. Particularly, Bac Giang branch 2 of Vietnam Bank for Agriculture and Rural Development reduced interest rate by 0.5 percent for some terms. The minimum loan interest rate for 1 – 3 month term is 8.5 percent per year; 3 to 6 month term is 9 percent per year; 6 to 12 month term is 9.3 percent. These interest rates decreased by 0.5 percent compared to the period before April 19, 2023.

Customers proceed capital loan procedures at Bac Giang branch of Vietcombank.

The Bac Giang branch of Joint Stock Commercial Bank of Foreign Trade of Vietnam also reduced lending interest rate for all terms, starting from April 19. Currently, the interest rate is 9 percent per year for one month term (down 0.9 percent per year); 9.3 percent per year for three month term (down 1 percent per year); 9.8 percent per year for six month term (down 1.1 percent per year); 10.2 percent per year for 12 month term (down 0.6 percent per year) compared to the period before April 19.

The Bac Giang branch of Agribank, Vietinbank and BIDV also decreased lending rate for all terms, by 0.3 to 1 percent per year depending on the loan term.

Capital mobilization from commercial banks up over 4.7 trillion VND

(BGO) – In the first quarter of this year, the commercial banks in Bac Giang province mobilized total capital of 90 trillion VND (3.8 billion USD) from the organizations, businesses and individuals, up over 4.7 trillion VND against the figure in December 31, 2022, reported the Bac Giang branch of the State Bank.

Banks reduce deposit interest rates

Banks have cut deposit interest rates by 0.3-0.5 percentage points after Prime Minister Pham Minh Chinh called on them to foster economic recovery.

Capital mobilization at commercial banks up over 53.4 million USD

(BGO) - By the end of January 2023, the commercial banks in Bac Giang province mobilized totally over 86.9 trillion VND of capital, up nearly 1.26 trillion VND (over 53.4 million USD) against the figure at December 31, 2022, reported State Bank of Vietnam's Bac Giang branch.

Reduce costs to lower loan interest rates, PM tells banks

Prime Minister Pham Minh Chinh has called on banks to cut costs to be able to reduce loan interest rates and help boost economic recovery.

Vietnam Electricity, European Investment Bank ink MoU on sustainable energy development

Vietnam Electricity (EVN) and the European Investment Bank (EIB) have signed a memorandum of understanding to create a prerequisite for the EIB to help with the Vietnamese group’s sustainable development and energy transition.