Banks have been asked to reduce rates to help boost economic growth. According to a document released recently banks are ordered to reduce operating expenses and unneeded expenses, in addition to administrative procedures, in order to allow for lending interest rates to aid the recovery of the economy and the growth. Banks have also been directed to continue to promote the government's interest rate support program for loans to cooperatives, businesses, and households in accordance with the Decree 31/2022/NDCP issued by the Government on May 20 20, 2022. "The SBV will monitor banks, which continue to raise interest rates, and…