🇻🇳The State Bank of Vietnam ordered lenders to reduce manufacturing and priority-sector loan rates by 1.5–2 percentage points.

The reported instruction targets specific lending categories. The State Bank of Vietnam directed commercial lenders to reduce manufacturing and priority-sector loan rates by 1.5–2 percentage points to support economic growth. The report describes lending-rate instructions, not a reduction in the central bank’s policy rate.

Deposit pricing is also covered. Banks were instructed to cut interest rates on deposits with maturities of six months or longer by at least 0.5 percentage points. The minimum deposit-rate reduction is distinct from the larger reduction specified for the targeted loans.

Banking-system safeguards accompany the rate instructions. The central bank also required further measures to manage nonperforming loans and maintain banking-system safety. The supplied report does not specify an implementation deadline or identify AI infrastructure as a separately designated priority sector.