From 1 June 2023, BIDV continues to reduce lending interest rates by 0.5% per annum for existing medium and long-term loans that have not been applied competitive interest rates before. This is the second time in 2023 BIDV has reduced lending interest rates for customers with existing outstanding loans at BIDV.

From 1 June 2023, BIDV continues to reduce lending interest rates by 0.5% per annum for existing medium and long-term loans that have not been applied competitive interest rates before. This is the second time in 2023 BIDV has reduced lending interest rates for customers with existing outstanding loans at BIDV.

Previously, following the State Bank of Vietnam’s direction on the VND120 trillion program on loans for social housing, worker housing, renovating and rebuilding old apartment buildings in accordance with the Government’s Resolution 33/NQ-CP, BIDV has reserved a credit package of VND30 trillion for loans with interest rates of 1.5-2% lower than normal interest rates.

In addition, right from the year beginning, BIDV pioneered in implementing competitive credit packages with preferential interest rates which are up to 2% per annum lower than normal lending rates to support businesses and individuals’ access to loans at affordable costs.

Not only reducing lending rates, currently, BIDV is actively implementing comprehensive financial solutions to help reduce financial and operating expenses for businesses and individuals. Some programs include: DigiUp program for corporate customers using BIDV iBank and BIDV iConnect with more than 12 types of fees waived/reduced; Trade Booming program with significant offers on exchange rates, trade finance fees, international money transfer fees for import-export businesses; SCFast program with attractive policies for supply chain customers; instant unsecured loans, loans collateralized by deposits via BIDV SmartBanking for individual customers, etc.

BIDV’s reduction of lending interest rates is a practical move to show the sense of companionship and sharing with customers; contributing to affirm the role and responsibilities of a state -owned bank in implementing the guidelines and policies of the Government and the State Bank of Vietnam.