HÀ NỘI – The Government has asked the State Bank of Việt Nam to reduce regulatory interest rates and complete the allocation of credit limits this month with a focus on removing enterprises' difficulties in accessing credit. Accordingly, the central bank must introduce practical measures to lower rates, especially reducing regulatory rates in June, to support enterprises and residents to recover production and business. The credit growth in the first five months of this year was disappointingly low. The central bank set the credit growth target at 14-15 per cent, a little bit higher than 2022 which was at 14 per cent. During the past three months, the central banks cut regulatory rates three times.

Source: Viet Nam News June 16, 2023 07:01 UTC