On October 16, Deputy Prime Minister Nguyen Van Thang chaired a meeting on year-end monetary policy to implement Conclusion 106 of the Party Central Committee, focusing on lowering interest rates to support businesses, people and economic growth. He praised the coordination between the State Bank and the Ministry of Finance, but said lending rates remain high, raising capital costs and limiting access to credit amid complex global developments and lingering bad-debt risks. He asked the State Bank to review its past efforts to stabilize rates and to urgently cut lending rates by 1.5–2% for production, business and priority sectors. Other requirements include tighter control of bad debt, stronger inspection of rate compliance, and restructuring of weak credit institutions, including addressing back-door influence, cross ownership, hidden ownership and manipulation.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Phó Thủ tướng Nguyễn Văn Thắng: Yêu cầu giảm lãi suất cho vay từ 1,5 - 2% đối với sản xuất, kinh doanh và các lĩnh vực ưu tiên
Related tickers and likely impact
VNINDEX
▲ Likely positiveRelevance: medium
| Market | Vietnam stocks |
|---|---|
| Close on 10/16/2026 | 1,705.91 |
| Change that session | +0.45% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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