News
State Bank vows to slash VND interest rates
At a working session between the SBV, the Vietnam BankingAssociation and commercial banks’ general directors in Hanoi on June11, Tien said that the SBV will flexibly use monetary policies toassist commercial banks in cutting the interest rates and increasingliquidity for the economy.
Commercial banks’executives said they agreed with the Government’s policy on interestrates and were actively implementing this policy.
They also expressed their belief in the success of the policy given themacro-economic stability, the Government’s drastic instructions and theSBV’s assistance./.
(Source: http://en.vietnamplus.vn)
