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Vietnam’s Banks expect credit growth from Q2

HANOI, 27th February, 2024 (WAM) — Banks in Vietnam are expecting an improvement in credit growth from the second quarter of 2024, especially now that loan interest rates have decreased, exports gradually recovered, and domestic consumption increased.

According to the Vietnam News Agency, the State Bank of Vietnam said that as of 31st January, deposit and loan interest rates had been cut down by 0.15% and 0.25%