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Vietnamese banks cut interest rates to stimulate demand for home loans

september 19, 2023by Reacties uitgeschakeld voor Vietnamese banks cut interest rates to stimulate demand for home loans

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HANOI, Sept. 19 (Xinhua) — Vietnamese banks are cutting down lending interest rates by 1-3 percentage points per year compared to 2022 to stimulate demand for home loans in the wake of the loan decline, the local newspaper Vietnam News reported on Tuesday.

The State Bank of Vietnam reported a decrease of 1.12 percent in public demand for home loans and home repairs in the first half of this year, while the loan

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