Agribank will reduce interest rates on existing loans by up to 2.5% per year, depending on the customer group and the rate currently applied, and has set maximum lending rates for new loans by term and borrower type. The bank says the cut will reduce its income by about 2,000 billion VND, and that it has cut nearly 6,000 billion VND in interest income since the start of the year. Agribank has instructed its entire system to complete the reductions by October 25 and to step up inspections and handle cases of non-compliance. It is also allocating 70,000 billion VND to preferential credit for small and medium-sized enterprises, at rates 1-2% per year lower than the average for the same term, and over 500,000 billion VND to other preferential programs by customer group and priority sector, at rates 2-2.5% per year lower than standard lending rates.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Agribank giảm lãi suất cho vay hỗ trợ phát triển sản xuất kinh doanh
Read the original on VnExpress ↗
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Related tickers and likely impact
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/23/2026 | 1,774.15 |
| Change that session | +0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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