05:10, 22/10/2011

BIDV lowers lending interest rates

 Bank for Investment and Development of Vietnam (BIDV) on October 20 decreased its lending rates by 1 – 2% per annum...

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Bank for Investment and Development of Vietnam (BIDV) on October 20 decreased its lending rates by 1 – 2% per annum.

 

Accordingly, current lending rates for business don’t exceed 15 – 16%. Negotiable loans such as securities loan and consumer loan pay an interest rate of 18.5% per annum for short term and 19% per annum for long term.

T.T