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Accordingly, the Prime Minister requires the State Bank to reduce the interest rates, for existing outstanding loans and new loans (taking all necessary steps to reduce interest rates by at least 1.5 – 2% per year in accordance with Resolution No. 105/NQ-CP.
In order to aid businesses and people to recover and develop production and business, the State Bank of Vietnam requires credit institutions to reduce interest rates, especially by reducing lending interest rates for existing outstanding loans and new loans by at least 1.5 – 2% per year.
At the same time, the State Bank of Vietnam requires credit institutions to send reports on the commitment to reduce lending interest rates in 2023 for existing outstanding loans and new loans to the State Bank of Vietnam (SBV) before August 25, 2023.
At the same time, report on the results of the implementation of the commitment to reduce lending interest rates in 2023 for existing outstanding loans, and new loans to the State Bank of Vietnam (SBV) before January 8, 2022.
