The bank loudly announced to lower interest rates, but very few production and business enterprises could access it because the conditions were too difficult, or there was no capital demand. The State Bank of Vietnam has cut the executive rate for the fourth time this year, and the third time for the deposit ceiling. This is expected to have a positive impact on the lending rates of commercial banks. In fact, banks also recently announced many low-interest credit packages. However, businesses are not interested in getting loans because they do not want to expand their business at this time. Others said they could not access cheap loans because the approval conditions were too difficult.
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