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Millions deposit money in fintech apps despite unadvertised risks

Millions deposit money in fintech apps despite unadvertised risks

Millions of people are depositing money in fintech companies that are offering attractive interest rates despite risks related to lack of regulation.
Banks in race to hike deposit interest rates

Banks in race to hike deposit interest rates

Interest rates on bank deposits have surged back to the pre-Covid levels, with VietABank offering the highest rate of 8.7%.
October 13, 2022 | 09:27 pm PT
Public banks join race to hike deposit interest rates

Public banks join race to hike deposit interest rates

The four state-owned lenders, Vietcombank, BIDV, Vietinbank and Agribank, have hiked their deposit interest rates by 0.8-1.3 percentage points.
October 28, 2022 | 07:27 pm PT
Bank deposit interest rates surpass 10%

Bank deposit interest rates surpass 10%

Some banks have hiked deposit interest rates to 10-10.35% amid low liquidity in the system.
November 25, 2022 | 06:27 pm PT
Banks lower deposit interest rates

Banks lower deposit interest rates

Banks have lowered deposit rates by 0.4-1.1 percentage points, but the rates have remained relatively high across the board.
December 21, 2022 | 03:00 pm PT
Deposit interest rates reach 11.45%

Deposit interest rates reach 11.45%

Over 20 banks are listing deposit interest rates of 9-10% a year, and smaller lenders are offering negotiable interest rates of up to 11.45% for deposits over a hundred million dong (VND100 million=$4,264).
February 1, 2023 | 08:24 pm PT
Deposit interest rates continue to decrease

Deposit interest rates continue to decrease

Commercial joint stock banks have continued to lower deposit interest rates since the middle of this month, a move that is expected to help reduce lending rates and support businesses.
February 22, 2023 | 11:40 pm PT
Banks reduce deposit interest rates

Banks reduce deposit interest rates

Banks have cut deposit interest rates by 0.3-0.5 percentage points after Prime Minister Pham Minh Chinh called on them to foster economic recovery.
March 6, 2023 | 06:59 pm PT
Deposit interest rates tumble

Deposit interest rates tumble

Banks have cut deposit interest rates from 0.1-0.7 percentage points in the past two weeks, bringing the general interest rate down to less than 9% a year.
March 28, 2023 | 03:00 am PT
Central bank to cut deposit interest rate ceiling from Monday

Central bank to cut deposit interest rate ceiling from Monday

The central bank on Friday said it would cut caps on interest rates of dong-denominated deposits from April 3, by 0.5 percentage points to between 0.5% and 6.0% depending on maturities.
March 31, 2023 | 06:29 am PT
Bank deposit interest rates keep falling

Bank deposit interest rates keep falling

Banks have been steadily cutting deposit interest rates, which have reached around 8%, a move aimed at reducing lending rates to support businesses.
May 9, 2023 | 02:11 am PT
Bank deposit interest rates continue to fall

Bank deposit interest rates continue to fall

Many banks have cut deposit interest rates this month, bringing the average rate to below 9.
May 16, 2023 | 09:13 pm PT
Banks lower deposit interest rates to below 6%

Banks lower deposit interest rates to below 6%

Four state-owned banks and a dozen private lenders have dropped their deposit interest rates to below 6%from as high as7.5-8% earlier this year.
August 24, 2023 | 03:44 pm PT
Bank deposit interest rates fall below pre-pandemic levels

Bank deposit interest rates fall below pre-pandemic levels

Some major banks have slashed interest rates for 12-month deposits to below 5.5%, or lower than in the pre-pandemic period.
October 3, 2023 | 06:57 pm PT
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