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interest rates
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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%.
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.
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
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
Real estate developers criticized for overdependence on bank loans
Property developers fund their projects unsustainably, with more than 80% of their money coming from short-term bank loans and bonds, according to experts.
February 13, 2024 | 06:00 am 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
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
Bank deposit interest rates remain in free fall
Banks continued to cut deposit interest rates in July, capping them at 7.8%.
July 25, 2023 | 11:10 pm PT
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