Commercial banks are expected to lower lending interest rates after getting more support to cut input costs from the State Bank of Viet Nam (SBV)’s… Banks are expected to cut lending interest rates with support from the central bank. After reducing several key interest rates by 0.25 percentage points on September 16, the SBV’s agencies this week continued to announce the reduction of some service fees, which will help commercial banks reduce operation costs and thus cut interest rates. Under Decision No 203/QD-TTTD, the SBV’s National Credit Information Centre (CIC) decided to reduce the prices of its credit information products and services given to credit institutions and foreign banks’ branches in Viet Nam by 15 per cent, starting from October 1 this year. According to the CIC, the reduction aims to help commercial banks cut operating costs, enabling them to lower interest rates. The cut will also help banks promote the use of CIC’s credit information to enhance their credit business segment and credit risk governance, which will contribute to reducing risks for the banking system. According to Nguyen Hoang Minh, deputy director of the SBV’s HCM City branch, the CIC’s information is important for banks to control risks in…