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The State Bank of Vietnam (SBV) has asked banks in the country, both domestic and foreign, to further lower lending rates by expected 1.5-2 percentage points per annum to better support the country’s economic growth.
It s time to cut medium-term interest rates below 10% as businesses don t want and don’t dare to borrow money given such rates, said Le Tu Minh, chairman of IMG Investment JSC. ....