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interest rates
3 foreign companies earn $163M from illegal loan shark operations
A Latvian man and his accomplices are standing trial in Ho Chi Minh City for operating three loan shark companies charging interest rates as high as 1,379% per year and amassed profits of VND4.15 trillion (US$163 million).
Citizens' deposits rise to new record high
Deposit interest rates edge up as banks gear for rising loan demand
Bank loan interest rates down nearly 1 point this year
Banks’ average lending interest rate was 8.3% as of the end of June, down 0.96 percentage points for the year, according to the State Bank of Vietnam.
August 6, 2024 | 06:17 pm PT
Deposit interest rates rise above 6%
Over a dozen lenders have increased their deposit interest rates by 0.1-1.3 percentage points in the past two weeks, with the highest for a 12-month tenor now being 6.2%.
July 30, 2024 | 07:12 pm PT
Banks raise deposit interest rates
Some 20 banks have hiked their deposit interest rates by 0.1-0.9 percentage points in the last month, with the highest for 12-month deposits now being 5.9%.
July 10, 2024 | 09:54 pm PT
Citizens' deposits at banks reach record high
Citizens’ deposits reached a historic peak of VND6.676 quadrillion (US$262.2 billion) as of the end of March, according to the State Bank of Vietnam.
June 24, 2024 | 09:50 pm PT
Banks hike deposit interest rates
Over 15 banks have raised their deposit interest rates since the end of May, with the highest for a 12-month tenor now being 5.6%.
June 11, 2024 | 11:17 pm PT
Major property developers set their sights on social housing
Tens of thousands of social housing units are planned to be built with major upmarket developers all set to enter the affordable segment.
May 26, 2024 | 03:28 am PT
Top banker expects deposit interest rates to edge up in H2
Bank deposit interest rates could increase by up to 1 percentage point in the second half of this year from the current 5%, a senior banker said.
May 23, 2024 | 11:19 pm PT
Banks raise interest rates to shore up deposits
With deposits falling for the first time in two years, more than 10 banks have hiked interest rates, the highest increase being 1.6 percentage points.
May 7, 2024 | 05:00 pm PT
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.
April 11, 2024 | 03:07 pm PT
Banking credit edges up in Q1
Banking credit grew by 1% to VND13.79 quadrillion (US$552.4 billion) in the first three months of 2024, according to the State Bank of Vietnam.
April 7, 2024 | 06:35 pm PT
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%.
March 23, 2024 | 05:00 pm PT
PM asks central bank to keep interests low and financial access easier
Prime Minister Pham Minh Chinh has tasked the State Bank of Vietnam (SBV) to keep interest rates low and financial access easier for businesses, according to a new directive on Wednesday.
March 7, 2024 | 07:08 pm PT
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