Trang Chủ
The company can trade up to 100 trillion dong worth of debts, said a source close to the matter.
The central bank may trim down deposit rate cap to 9% per annum to aid credit growth and this may be the last rate cut until the end of the year. The central bank may also cap lending rates at 12-13% p.a. for short terms (under 1 year) and let commercial banks and customers self-negotiate lending rates for loans of medium and long maturities.
Besides, credit institutions are required to adjust down lending rates on current credit contracts to reduce costs for borrowers.
The central bank will seek ways to support low- and mid-income people to buy homes; a move helps to unfreeze the real estate market.
Bank lending in Vietnam fell an estimated 0.2% by the end of May from the end of last year, according to data from the central bank. By end-May/2012, local lenders’ reserves at the SBV were 40 trillion dong higher from the required level, indicating ample liquidity of local banks.
