Vietnam central bank will cut its refinancing rate from 6% to 5.5%, effective April 3rd, to support an economy that grew slower than expected due to drops in exports and slowing domestic demand. The move will help banks get cheaper loans from the central bank and lower their lending interest rates to businesses. The central bank noted it decided to lower rates due to global economic uncertainties that led to the nation’s slowing growth while inflation remains under control and banks have excess liquidity.