World Economy

Vietnam Loan Rates Down

Vietnam Loan Rates DownVietnam Loan Rates Down

The State Bank of Vietnam announced that it aims to bring rates on mid to long term loans down by 1-1.5 percentage points this year, a plan deemed necessary to support economic recovery, Thanhnien News reported. Short-term loans carry interest rates between 7 and 9% for VND, and 3-6% percent for US dollars.