Vietnamese banks could lower lending rates on VAMC launch

27 Mar 2013

Vietnam’s plan to set up an asset management company by the end of March is likely to boost market confidence, leading to a potential drop in unsustainable bank lending rates, say experts.

Commercial banks in the Southeast Asian nation are expected to reduce their lending rates upon the establishment of the Vietnam Asset Management Company (VAMC) at the end of March.

Lending rates in Vietnam are expected to decline from an all-time high of 15% to 16% - which is almost ...

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