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Depositors lose money from jewelry store in central Vietnam

Depositors lose money from jewelry store in central Vietnam

Hundreds of people had made deposits worth nearly VND33 billion ($1.35 million) at a gold and jewelry store in central Vietnam for high interest rates, but many were not able to withdraw in eight years.
Bank deposits remain preferred asset class despite collapsing interest rates

Bank deposits remain preferred asset class despite collapsing interest rates

Deposit interest rates fall to 6%

Deposit interest rates fall to 6%

Individual deposits growth slow amid lower interest rates

Individual deposits growth slow amid lower interest rates

Vietnamese citizens’ net deposits at banks increased by VND14.7 trillion (US$621 million) in May, the smallest monthly growth since October last year, as interest rates decline.
July 25, 2023 | 04:16 pm 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
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
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
Deposit growth lags behind credit in 2022

Deposit growth lags behind credit in 2022

Banks saw a large gap between credit growth and deposit growth last year as businesses withdrew money prematurely to pay for expenses while mobilizing deposits faced difficulties.
March 3, 2023 | 04:31 pm PT
Customers cry foul as banks palm off insurance products as deposits

Customers cry foul as banks palm off insurance products as deposits

Many bank customers are claiming they were tricked by staff into buying insurance products by making them think they were putting their money in some kind of deposit.
February 22, 2023 | 03:09 am PT
Banks told to hold deposit interest rate at 9.5% maximum

Banks told to hold deposit interest rate at 9.5% maximum

The Vietnam Banks Association (VNBA) has called on local lenders to keep deposit interest rates at 9.5% or below to reduce lending interests and boost economic recovery.
December 16, 2022 | 12:53 am PT
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.
October 8, 2022 | 09:17 pm PT
Banks expect Q4 interest rate hikes

Banks expect Q4 interest rate hikes

Most commercial banks expect deposit and lending interest rates to rise in the fourth quarter this year, a survey by the State Bank of Vietnam has found.
October 7, 2022 | 03:20 am PT
No home loans against legally incomplete projects: central bank

No home loans against legally incomplete projects: central bank

The State Bank of Vietnam is considering banning commercial banks from providing home loans for projects that are yet to meet legal requirements fully.
June 27, 2022 | 04:52 pm PT
Canceling purchase of most expensive land lot will distort market

Canceling purchase of most expensive land lot will distort market

Canceling land lot purchases after bidding record prices is a market distorting practice, experts say.
January 14, 2022 | 10:00 pm PT
Bank deposits grow slowly amid low interest rates

Bank deposits grow slowly amid low interest rates

Bank deposits made by individuals in the first four months were up a mere VND120 trillion ($5.2 billion) year-on-year, the lowest rate of increase in the last six years.
June 18, 2021 | 10:00 pm PT
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