Record-low interest rates drive early-year credit growth | Business | Vietnam+ (VietnamPlus)

Hanoi (VNS/VNA) – Since the beginning of the year, numerous banks have launched attractive credit packages with low interest rates, some even as low as 0% per year, easing the financial burden for customers seeking additional capital, particularly during the time leading up to Tet (Lunar New Year holiday). Lending interest rates are projected to continue decreasing in the near future, said experts. This is a promising sign that enables businesses and individuals to access capital at reasonable costs, supporting the recovery of production, business activities and consumption. Tet is an occasion for businesses and individuals to supplement their capital for stockpiling goods, production, business activities and shopping. Recognising this demand, many banks continue to introduce credit packages with attractive…