According to the credit institutions’ reports, the total accumulated reduced interest from July 15, 2021 to December 31, 2021 of 16 banks was VND 21,244 billion, reaching 105.13% as compared with their pledges. Thus, in general, those 16 banks have actively reduced their interest rates as directed by the State Bank of Vietnam, exceeding the total pledged amounts. The specific implementation results of the 16 banks are as follows:
Vietnam Bank for Agriculture and Rural Development (Agribank): the total amount of reduced interest was VND 5,512 billion; the total amount of bank loans of which the interest rates had been cut was nearly VND 1.4 trillion for over 3.5 million customers.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank): the total amount of reduced interest was VND 4,635 billion; the total amount of bank loans of which the interest rates had been cut was over VND 1.35 trillion for 269,664 customers.
The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV): the total amount of reduced interest was VND 4,128 billion; the total amount of bank loans of which the interest rates had been cut was nearly VND 1.46 trillion for 452,746 customers.
Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank): the total amount of reduced interest was VND 2,259 billion; the total amount of bank loans of which the interest rates had been cut was nearly VND 2.3 trillion for 967,697 customers.
Asia Commercial Joint Stock Bank (ACB): the total amount of reduced interest was VND 859 billion; the total amount of bank loans of which the interest rates had been cut was VND 302,282 billion for 127,931 customers.
The Military Commercial Joint Stock Bank (MB): the total amount of reduced interest was VND 640 billion; the total amount of bank loans of which the interest rates had been cut was VND 136,484 billion for 104,464 customers.
Vietnam Commercial Joint Stock Bank for Private Enterprises (VPBank): the total amount of reduced interest was VND 605 billion; the total amount of bank loans of which the interest rates had been cut was VND 214,312 billion for 274,518 customers.
Viet Nam Technological and Commercial Joint Stock Bank (Techcombank): the total amount of reduced interest was VND 539 billion; the total amount of bank loans of which the interest rates had been cut was VND 96,445 billion for 2,396 customers.
Saigon-Hanoi Commercial Joint Stock Bank (SHB): the total amount of reduced interest was VND 389 billion; the total amount of bank loans of which the interest rates had been cut was VND 144,697 billion for 41,670 customers.
Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank): the total amount of reduced interest was VND 453 billion; the total amount of bank loans of which the interest rates had been cut was VND 117,102 billion for 67,457 customers.
Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank): the total amount of reduced interest was VND 302 billion; the total amount of bank loans of which the interest rates had been cut was VND 53,350 billion for 18,835 customers.
Southeast Asia Commercial Joint Stock Bank (SeABank): the total amount of reduced interest was VND 287 billion; the total amount of bank loans of which the interest rates had been cut was VND 79,237 billion for 58,552 customers.
Tien Phong Commercial Joint Stock Bank (TPB): the total amount of reduced interest was VND 246 billion; the total amount of bank loans of which the interest rates had been cut was VND 49,121 billion for 32,697 customers.
The Maritime Commercial Joint Stock Bank (Maritimebank): the total amount of reduced interest was VND 185 billion; the total amount of bank loans of which the interest rates had been cut was VND 55,080 billion for 4,233 customers.
LienViet Post Joint Stock Commercial Bank (LienVietPostBank): the total amount of reduced interest was VND 158 billion; the total amount of bank loans of which the interest rates had been cut was VND 50,289 billion for 12,236 customers.
Vietnam International Commercial Joint Stock Bank (VIB): the total amount of reduced interest was VND 47 billion; the total amount of bank loans of which the interest rates had been cut was VND 11,134 billion for 8,966 customers.
LK