- Vietnam's central bank is under pressure to keep interest rates stable as the Iran conflict fuels inflation and raises banks' funding costs.
- The government's 10% growth push is driving credit demand, complicating the central bank's task of ensuring businesses have access to bank credit.
- Deputy Governor Pham Thanh Ha said deposit and lending rates are under pressure to rise while the central bank must ensure businesses continue to have access to bank credit.
Quotes
“Deposit and lending rates are under pressure to rise, while the central bank must ensure businesses continue to have access to bank credit.”