The State Bank of Vietnam (SBV) lowered operating interest rates four times in 2023 to reduce mobilization and lending interest rates, which contributed to increasing access and capital supply in the economy. Credit institutions have predicted that deposit and lending rates may continue to fall slightly, by 0.3-0.4 per cent on average in the first quarter of 2024 and 0.2 per cent for the year as a whole. Developments in economic growth, changes in investment needs in production and business, investment, import and export opportunities, and SBV solutions are expected to contribute to stimulating credit demand over the course of the year.