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Tag
deposits
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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
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
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
Individual deposits at banks surge to the highest in over decade
People made total deposits of VND415 trillion (US$17.58 billion) at banks in Q1, the biggest amount in more than 10 years, according to the State Bank of Vietnam.
June 14, 2023 | 04:58 pm PT
Beleaguered bank attracts deposits of $255 mln in single day after interest hike
Embattled Saigon Commercial Bank received nearly VND6 trillion (US$255 million) worth of deposits on Wednesday after getting VND1.6 trillion on Tuesday, the State Bank of Vietnam said.
October 12, 2022 | 06:26 pm PT
Interest rate rises in the lead-up to biggest national holiday
Domestic banks hiked deposit rates by 0.1-0.5 percentage points to encourage savings amidst the pre-Tet spending surge.
January 27, 2019 | 03:41 am PT
Woman robbed of $10.8 million by Vietnamese banker refuses minor payment offer
Some customers in similar situations have been waiting for years for full compensation.
March 2, 2018 | 07:08 pm PT
Vietnam finally considers allowing foreigners to put cash in banks
The idea is aimed at preventing speculation and keeping money in the country.
July 14, 2017 | 04:00 am PT