Ho Chi Minh City, April 14 -- A wave of deposit rate cuts is sweeping across the banking system following the direction from the State Bank of Vietnam (SBV), in a move aimed at reducing funding costs and improving access to credit for businesses and households. However, the policy shift underscores a complex balancing act, as pressures from inflation, exchange rates, and system liquidity remain. From market distortions to a more balanced approach Shortly after assuming office on April 9, newly appointed central bank governor Pham Duc An convened his first meeting with 46 credit institutions, outlining key monetary policy priorities for 2026. Under the newly announced framework, the central bank is targeting inflation at around 4.5% per an...