ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Economy

Vietnam central bank to cut rates Tuesday to prop up virus-hit economy

Refinance rate to be 5% from the current 6%

A Vietnamese flag flies atop the State Bank building in central Hanoi, Vietnam.    © Reuters

HANOI (Reuters) -- The State Bank of Vietnam will cut its policy rates from Tuesday to prop up the economy, which has been hit by the coronavirus pandemic.

The virus, which has killed more than 6,500 people worldwide, has left firms in Vietnam's manufacturing industry suffering shortages due to supply chain disruptions.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more