Wednesday, 23/07/2008 11:49

Vietinbank cuts lending rates

The Vietnam Bank for Industry and Trade (Vietinbank) has become the last State commercial bank to reduce lending interest rates.

Vietinbank on July 21 cut annual lending interest for Vietnamese dong loans by 0.5 percent to 20.5 percent, and for US dollar loans by 2 percentage points to 8.5 percent.

However, the rates are only offered to traditional priority clients using Vietinbank’s package banking service who are involved in key Government projects, processing and supplying agro-forestry and seafood products, manufacturing essential goods for domestic demands, and importing petrol or gas, medicine and materials for production.

This is the second time in July Vietinbank has cut lending interest rate for US dollar loans.

Vietinbank hopes that the move will help its clients stabilise production and export activities, thus contributing to inflation control, macro-economic stabilisation and sustainable economic growth rate.

VNA

Other News

>   Banks able to get VND – but at what cost? (23/07/2008)

>   EVN Finance licensed (22/07/2008)

>   Dong reaches 3-week high as inflation concerns ease (22/07/2008)

>   Skyrocketing petrol prices send gold through the roof (22/07/2008)

>   Monetary market shows signs of rally (22/07/2008)

>   Laos-Vietnam bank open quick money transfer service (22/07/2008)

>   State Bank warns local people not to rush for foreign currencies (22/07/2008)

>   Can increasing interest rates help to curb inflation? (22/07/2008)

>   Signs of stability in foreign currency supply-demand market (21/07/2008)

>   A stronger grip on Vietnam’s banking market  (21/07/2008)

Online Services
iDragon
Place Order

Là giải pháp giao dịch chứng khoán với nhiều tính năng ưu việt và tinh xảo trên nền công nghệ kỹ thuật cao; giao diện thân thiện, dễ sử dụng trên các thiết bị có kết nối Internet...
User manual
Updated version