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Central bank issues new decisions on deposit interest rates

Central bank issues new decisions on deposit interest rates

According to the SBV, Decision No. 2410/QĐ-NHNN and Decision No. 2410/QĐ-NHNN aim to ensure consistency on a legal basis with other issued circulars on deposit interest rates.
Interest rates expected to decrease by 0.7 percentage points next year

Interest rates expected to decrease by 0.7 percentage points next year

There is still room for monetary policy to support growth, experts say.
Banks reduce interest rates, offer new loans for customers affected by Typhoon Yagi

Banks reduce interest rates, offer new loans for customers affected by Typhoon Yagi

They also offer preferential credit packages to reduce financial pressure for individual and business customers.
VAMA suggests changes in special consumption tax rates for EVs

VAMA suggests changes in special consumption tax rates for EVs

The proposed decrease in tax rates for self-charging hybrid electric vehicles (HEVs) with nine seats or fewer, as outlined in a draft law by the Ministry of Finance, appears to be a significant shift in tax policy, according to experts. 
Long-term deposit interest rates reach 7.4 per cent

Long-term deposit interest rates reach 7.4 per cent

Vietcombank Securities Company (VCBS) forecasts that deposit interest rates in the third quarter of 2024 will continue to increase by about 0.3-0.5 percentage points.
Sea freight rates cool, port volumes break records

Sea freight rates cool, port volumes break records

In the first seven months of 2024, the volume of goods passing through Vietnamese seaports is estimated at 501.117 million tonnes, up 16 per cent over the same period in 2023.
Oil tanker operators report massive profits amid soaring freight rates

Oil tanker operators report massive profits amid soaring freight rates

Spot freight rates, time charter rates and secondhand vessel prices are all forecast to increase throughout 2024.
Stock market remains attractive to retail investors

Stock market remains attractive to retail investors

Despite the remarkable surge in gold prices and the gradual increase in deposit interest rates, the stock market continues to stand out as an appealing investment channel.
Foreign exchange rates to remain under pressure in H2 2024

Foreign exchange rates to remain under pressure in H2 2024

In a recent report, analysts from Viet Dragon Securities Company (VDSC) said the dollar will maintain its strength because the interest rate difference between the US and other countries is still high when the US Federal Reserve (Fed) cuts interest...
Central bank works to raise interbank rates and ease forex market

Central bank works to raise interbank rates and ease forex market

The State Bank of Vietnam (SBV) has shortened terms and kept interest rate of its bills unchanged to increase the attractiveness of the bill channel.
Deposits at Vietnamese banks reach record high of 628b

Deposits at Vietnamese banks reach record high of $628b

Despite low interest rates, bank deposits have reached a new historic peak of VNĐ16 quadrillion (US$628.5 billion) as of the end of March, according to the latest data from the central bank. 
Banks are lifting deposit rates

Banks are lifting deposit rates

Private commercial banks are lifting deposit rates in June to attract idle capitals.
Listed businesses set high cash dividend rates of up to 33.5% for shareholders

Listed businesses set high cash dividend rates of up to 33.5% for shareholders

Many listed businesses in Việt Nam have have concluded their arrangements to distribute cash dividends to shareholders, with the highest dividend rate reaching 33.5 per cent.
VietinBank raises deposit rates, commercial banks follow

VietinBank raises deposit rates, commercial banks follow

VietinBank became the first large commercial bank with state capital to raise deposit rates earlier this morning.
Experts predict deposit interest rates to rise 1 percentage point in H2

Experts predict deposit interest rates to rise 1 percentage point in H2

Industry experts have predicted a potential increase in deposit interest rates by 0.5 to 1 percentage point in the second half of the year, placing the rate at over 6 per cent per year.