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banks
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Banks hike deposit interest rates as inflows slow
While many banks have reduced deposit interest rates in the last month, some have raised them slightly amid a slowdown in deposit inflows.
Banks slash deposit interest rates
Over 20 banks have cut deposit interest rates in the last month, with the highest for 12-month deposits now being 5.3%.
Most banks push deposit interest rates to below 5%
Only a few banks now offer more than 5% per year for deposits of 12 months or less, with the highest rate at 5.7%.
February 18, 2024 | 09:07 pm PT
State-owned banks maintain double-digit growth
While several private banks broke their rising profit streaks in 2023, state-owned banks maintained double-digit growth rates.
January 20, 2024 | 06:26 pm PT
Deposit interest rates continue to drop
Over 20 banks have cut their deposit interest rates, with rates for 1-month deposits now as low as 1.7% per year.
January 19, 2024 | 04:53 pm PT
Banking industry breaks three-year profit growth streak
After three years of growing profits, the banking industry is reporting a decline this year, primarily due to bad debts and the economy's flagging ability to utilize capital.
December 29, 2023 | 05:54 pm PT
PM seeks Japanese Mizuho Bank's aid for banking restructuring
Prime Minister Pham Minh Chinh requested assistance from Mizuho, one of Japan's three largest banks, for the restructuring of Vietnam's underperforming banks.
December 18, 2023 | 06:54 am PT
Bank deposits remain preferred asset class despite collapsing interest rates
Despite the steady and steep decline in interest rates, people are still keeping their money in bank deposits rather than invest it in securities or real estate.
December 8, 2023 | 03:29 am PT
Vietnam limits shadow investment package sales at banks
The Ministry of Finance has prohibited banks from selling insurers’ investment packages two months before and after customers take loans to prohibit lenders from tricking borrowers into buying them.
November 12, 2023 | 03:08 pm PT
Banks’ profits slide in Q3
Lenders BacABank and VPBank have reported a year-on-year decline in Q3 profits while others are forecast to be in the same trend amid rising bad debts and challenges in key operations.
October 17, 2023 | 03:29 pm PT
Bank bad debts increase at slower pace in Q2
Although banks’ bad debt rates increased in the first half of 2023, their growth slowed down.
September 25, 2023 | 11:43 pm PT
Banks put foreclosed beachfront properties worth dozens of millions of dollars on sale
Banks are trying to sell foreclosed beachfront resorts, hotels, condotels, villas, and shophouses in a number of coastal localities.
August 14, 2023 | 12:00 am PT
Higher interest expenses, lending difficulties drag down banks’ income
Interest expenses skyrocketed for banks in the second quarter as rates soared, while lending difficulties slowed down interest income growth.
August 6, 2023 | 12:00 am PT
State-owned banks report biggest profits in H1
Three state-owned lenders Vietcombank, BIDV and Vietinbank have reported the highest profits for the first half of the year.
August 1, 2023 | 08:39 pm PT
PM wants banks to cut loan interest rates for small businesses
Prime Minister Pham Minh Chinh has instructed banks to consider lowering loan interest rates and ease lending conditions for small and medium-sized businesses to boost economic recovery.
July 6, 2023 | 08:07 pm PT
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