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Banks reduce profits, lower lending interest rates.

Vietnam.vn EN

20/10/2026 03:25:00

High lending interest rates are hindering economic growth, prompting calls for banks to lower rates to support businesses in distress.
Mr. Dao Minh Tu highlights the symbiotic relationship between banks and businesses, emphasizing mutual benefits from reduced lending rates.
Lowering interest rates can help businesses recover, ensuring they can repay loans and contribute to the banks' profitability. Read more

Banks reduce profits, lower lending interest rates - Image 1. — Lending interest rates remain high compared to the needs of the economy - Photo: QUANG DINH

Interest rates are still high compared to the needs of the economy.

According to Mr. Dao Minh Tu, Vice Chairman and General Secretary of the Vietnam Banking Association, interest rates are currently high compared to the needs of the economy. Therefore, commercial banks need to immediately reduce lending interest rates to share the burden with businesses and help them overcome difficulties.

"Banks and businesses have a close symbiotic relationship. Banks supporting businesses are also supporting themselves. When businesses overcome difficulties and become profitable, they will repay the banks the loans," Mr. Tu emphasized.

by Vietnam.vn

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