Vietnamese banks will cut interest rates further

(VOVworld)-Prime Minister Nguyen Tan Dung has held the Government's monthly over the two-days. The Government discussed the socio-economic situation in the first four months of this year, and ways of making it easier for businesses to boost output.  

Vietnamese banks will cut interest rates further - ảnh 1
Government monthly meeting (Photo:VNA)


They agreed that the socio-economic data for the first fours months has shown some positive results, especially measures to curb inflation, and stabilize the macro-economy. The Central bank has also lowered the interest rate for deposits to 12% a year. Speaking at the meeting, Prime Minister Dung said:"What we need to do now is to keep interest rates down and create the best possible conditions we can, so enterprises can access capital. More importantly, we really need to control inflation when the interest rates are lower. Our target from now until the end of the year is to have interest rate of 15% on loans, which will stimulate growth"

At the meeting, the Government also discussed ways of reforming state-own enterprises focusing on economic groups, and state-owned corporations. Prime Minister Dung has asked to separate the functions and goals of different enterprises and define appropriate operating mechanisms.  

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