Credit institutions are not allowed to offer promotional incentives in cash, interests or other forms, to lure depositors, according to recently issued circulars on interest rates for deposits in Vietnamese đồng and US dollar.
Under the strategy for deposit insurance development until 2025, with a vision towards 2030, the Government aims to ensure 45 per cent of depositors understand the core contents of the deposit insurance policy by 2025 and raise this percentage to...
Depositors of credit institutions that go bankrupt will be allowed to
receive claim money from the Deposit Insurance of Viet Nam within one
month after the bankruptcy declaration.
Banks are rushing to launch promotion programmes to attract depositors
amid increasing withdrawals of money by the people for spending and
payments during Tet (the Lunar New Year).
