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THACO reports lowest 6-month profit in 5 years

THACO reports lowest 6-month profit in 5 years

Auto firm THACO reported a 40 percent fall in half-yearly profits to VND1.83 trillion ($78.8 million), the lowest in five years.

Central bank cuts compulsory reserve interest rates

Central bank cuts compulsory reserve interest rates

Banks cut lending interest rates to support pandemic-hit businesses

Banks cut lending interest rates to support pandemic-hit businesses

Vietnam to lower lending interests via cash influx

Vietnam to lower lending interests via cash influx

The central bank is set to issue VND3 trillion ($131.65 million) to banks so that they could lower their interest of VND100 trillion worth of loans to boost economic recovery.

September 28, 2021 | 05:30 am PT

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

Deposit interest rates fall to 6%

Deposit interest rates fall to 6%

Around 20 banks have lowered their deposit interest rates to 6% a year as they have abundant cash resources amid difficulties in providing loans.

November 7, 2023 | 01:03 am PT

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