Many banks increase deposit interest rates in year-end period
In the year-end period, savings interest rates have become a focal point, with many banks adjusting their offerings, showing clear divergence.
Central bank issues new decisions on deposit interest rates
The State Bank of Vietnam (SBV) has issued two new decisions on deposit interest rates, effectively from November 20 this year.
This year's credit growth target achievable: experts
As of June 30, credit expanded 6% compared to the end of 2023 while total outstanding loans approximated 14.4 quadrillion VND (563.3 billion USD), a positive signal showing this year's credit growth target of 14 - 15% is within reach, experts said.
Companies increase deposit amounts to maximise interest earnings
Due to challenging business conditions and high deposit interest rates earlier this year, many companies were quick to increase their deposit amounts to earn interest.
Major banks continue cutting deposit interest rates
Deposit interest rates at four major banks of Vietnam were adjusted sharply, down by 0.4% per year from the previous listings, bringing the rate to 1.8% per year at the lowest.
Race to lower deposit interest rates to continue until year end
The race to lower deposit interest rates among banks is expected to continue until the end of 2023, according to analysts.
Deposit interest rates anchored at low levels
Going against the usual rule of gradual increases in the last months of a year, deposit interest rates in most banks are anchored at low levels, and even some continue to decrease.
Banks lower deposit interest rates to COVID-19 levels
Two more State-run commercial banks, Vietinbank and BIDV, on September 19 lowered their deposit interest rates matching the lowest level recorded during the COVID-19 pandemic.
Deposit interest rates at four major banks hit one-year low
The latest deposit interest rates at the four major banks have simultaneously decreased to the lowest level in one year.
Dozens of commercial banks cut savings interest rates
Dozens of commercial banks have simultaneously decided to reduce deposit interest rates from May 25, after the State Bank's decision to cut policy interest rates.
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