On August 14, 2023, the State Bank of Vietnam issued Official Letter No. 6385/NHNN-CSTT to credit institutions and foreign bank branches on the reduction of lending interest rates.
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Accordingly, in order to implement the direction of the Government, the Prime Minister in Resolution No. 97/NQ-CP dated July 8, 2023 the regular Government meeting in June 2023, an online conference between the Government and the local government. direction; Resolution No. 105/NQ-CP dated 15/7/2023 on tasks and solutions to remove difficulties for production and business, continue to promote reform of administrative procedures, tighten discipline, and Resolution No. 124/NQ-CP dated 07/8/2023 of the Government's regular meeting in July 2023, the State Bank of Vietnam (SBV) requires credit institutions, state bank branches (CIs) ) do some of the following:
Photo 1. Reducing loan interest rates at the request of the State Bank_Hotline: 097 211 8764
Firstly, reduce loan interest rate
According to the above Official Dispatch, the credit institution will continue to implement solutions to reduce the interest rate ground, especially to reduce the lending interest rate for existing outstanding loans and new loans. match the minimum interest rate reduction from 1.5-2%/year) under the direction of the Government and the Prime Minister in order to support businesses and people to recover and develop production and business.
Second, submit loan interest reports
- Report on commitment to reduce lending interest rates in 2023 for existing outstanding loans (according to attached Table 1) and new loans to the SBV before August 25, 2023;
- Report the results of the implementation of the commitment to reduce lending interest rates in 2023 for existing outstanding loans (according to attached Table 2) and new loans to the SBV before January 8th/ 2024.
Report to the State Bank of Vietnam (Monetary Policy Department and Banking Inspection and Supervision Agency), 49 Ly Thai To, Hoan Kiem, Hanoi; The scanned word/excel copy is sent to the email address: cstt6@sbv.gov.vn. For more information, please contact 024 39366306 (ext. 416028); 024 38246952.
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