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blue-check It is expected to reduce by at least 1.5% of lending interest rates in 2023

Official letter No. 6385/NHNN-CSTT dated August 14th, 2023 of the State Bank of Vietnam regarding reduction in lending interest rates
Posted: 16/8/2023 7:28:09 AM | Latest updated: 18/8/2023 10:06:39 AM (GMT+7) | LuatVietnam: 5764 | Vietlaw: 625
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In order to support enterprises and the people to recover and develop production, business, the State Bank of Vietnam requests banks to continue to implement solutions to reduce interest rates, especially interest rates for existing outstanding loans and new loans (striving for reduction in interest rates by at least 1.5-2%/year)) under directions of the Government and the Prime Minister.

Banks are required to prepare the Report on commitment on reducing lending interest rates in 2023 (using Form No. 1) and send it to the State Bank before August 25th, 2023 and send the Report on result of performance of the commitment on reducing lending interest rates in 2023 (using Form No. 2) before January 8th, 2024.

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 625

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