HANOI: The State Bank of Vietnam (SBV) has urged commercial and foreign banks to make efforts to stabilise deposit rates and slash lending rates in a move to bolster credit access and realise the government’s economic growth target of 8% this year.
At a conference held on Monday, SBV deputy governor Pham Thanh Ha said that stabilising deposit rates and reducing lending rates are key tools to promote economic recovery and maintain macroeconomic stability.
