Hanoi, Aug. 5 -- The State Bank of Vietnam (SBV) urged commercial and foreign banks to stabilise deposit rates and slash lending rates at a conference in Hanoi on August 4, in line with Government directives to drive economic recovery amid the robust 7.52% GDP growth in the first half of 2025.

The SBV has maintained a proactive, flexible, timely, and effective monetary policy in close, harmonious, and coordinated combination with fiscal and other measures to ensure stability, Deputy Governor Pham Thanh Ha said.

The first-half growth was the strongest in the 2021-2025 period, with inflation at 3.27%, within the National Assembly's ceiling limit. Credit jumped 9.8% from late 2024 and 19.75% year-on-year as of July 29, while monetary and f...