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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.

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.

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

Banks cut lending interest rates to support pandemic-hit businesses

Banks cut lending interest rates to support pandemic-hit businesses

Sixteen Vietnamese banks have agreed to lower loan interest rates for Covid-19-hit businesses, with the total reduction estimated to be worth VND24.3 trillion ($1.07 billion).

August 11, 2021 | 10:30 pm PT

Central bank cuts compulsory reserve interest rates

Central bank cuts compulsory reserve interest rates

The State Bank of Vietnam (SBV) announced Monday it has lowered the interest rates on compulsory reserves at banks by 0.4 percentage points.

December 3, 2019 | 05:00 am PT

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.

October 10, 2019 | 11:15 pm PT

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