Economy · 18. May 2020

Vietnam’s credit growth will slow down this year due to the impact of the Covid-19 epidemic. It is forecast to reach only about 10%, which is lower than the target set by the State Bank of Vietnam (14%) in the beginning of the year. According to the analysis of Mirae Asset Securities Company, the second reduction in interest rates by the State Bank in 2020 will later lead to a sharp decrease in interbank interest rate. Interest on this market is always well managed through the net pump and...