# Pressure on lending interest rates strengthens at year’s end

> Vietnamese commercial banks have raised deposit rates to attract funds, pushing lending rates up 3-4 percentage points year on year. Loan growth has far outpaced deposit growth, and many banks exceed the 85% loan-to-deposit limit. The State Bank of Vietnam has raised its benchmark rate twice in more than a month.

- Date: 2022-11-17 · published 2022-11-17T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/38981-pressure-on-lending-interest-rates-strengthens-at-year-s-end
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Higher domestic borrowing costs squeeze feed mills and livestock producers who rely on credit, which can slow purchasing and restrain feed demand.

## Sources

- vietnamnet.vn: https://vietnamnet.vn/en/pressure-on-lending-interest-rates-strengthens-at-year-s-end-2081378.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.