State-owned and private commercial banks disbursed loans in june at an average interest rate of 8.1-10.5% per year.

Several banks have announced they will close payment accounts that have insufficient balances and have not recorded transactions for one to two years.

A lack of collateral makes it difficult for businesses to access capital, requiring the banking sector to shift towards a cash flow-based lending model.

A series of banks increased capital mobilization via bond issuance in the latter half of June, with some tranches offering interest rates as high as 9,7%, the highest in many years.

From 15/8, borrowers of no more than 400 million dong will not need to prove financial capability or provide a capital usage plan to banks and financial companies.

The government has directed a study to raise the ratio of State Treasury deposits in banks to boost system liquidity.