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savings

Bank savings among most attractive investment channels

Bank savings among most attractive investment channels

In August alone, the amount of new deposits was nearly VNĐ86.48 trillion, meaning that nearly VNĐ2.9 trillion was deposited at banks every day on average.
Individual customers bank savings hit record high

Individual customers' bank savings hit record high

Individual customers'' banking deposits hit a record high of more than VNĐ6.83 quadrillion as of the end of July 2024, newly released data from the State Bank of Việt Nam (SBV) shows.
Savings of individual customers at banks hit record high

Savings of individual customers at banks hit record high

In spite of low interest rates, figures from the State Bank of Vietnam (SBV) released this week show deposits of individual customers increased by more than VNĐ39.7 trillion in April, to reach more than VNĐ6.7 quadrillion.
Bank savings of individual customers recover while institutional savings decline

Bank savings of individual customers recover while institutional savings decline

Data from Q1 2024 financial statements of 27 commercial banks showed total deposits of the entire banking industry only increased slightly by 0.7 per cent compared to the end of 2023, in the context that deposit interest rates continuously decreased...
Banks raise savings rates to attract depositors

Banks raise savings rates to attract depositors

Data from the General Statistics Office also shows that bank deposits as of March 25 this year decreased by 0.76 per cent compared to the beginning of the year, while it increased by nearly 1.2 per cent at the same...
Savings interest rates begin rising amid slowing bank deposits

Savings interest rates begin rising amid slowing bank deposits

While some commercial banks continue lowering deposit interest rates, others are increasing the rates, particularly for term deposits of 12 months or longer.
Banks start increasing savings interest rates

Banks start increasing savings interest rates

The interest rate hike at some banks has begun as deposits in the banking system have shown signs of slowdown.
Deposit interest rate hits record low

Deposit interest rate hits record low

Deposit interest rates have set a new record low.
Four largest banks simultaneously cut savings interest rates

Four largest banks simultaneously cut savings interest rates

Việt Nam’s four largest banks, Agribank, VietinBank, BIDV, and Vietcombank, have continued to sharply reduce savings interest rates since this week.
Top 10 banks in terms of CASA as of end Q3 2023

Top 10 banks in terms of CASA as of end Q3 2023

The banks are MB, Techcombank, Vietcombank, MSB, ACB, VietinBank, BIDV, TPBank, SeABank, and Sacombank.
Savings interest rates continue to fall

Savings interest rates continue to fall

Savings interest rates at commercial banks continue to slide with rates for 12-month certificate of deposits at major banks plummeting to below 5.5 per cent per year, which is lower than during the pandemic period.
More bank savings expected to flow to stock market in last quarter of 2023

More bank savings expected to flow to stock market in last quarter of 2023

The decreasing savings interest rate has been considered the main factor attracting investors to pour more money into the stock market.
Vietcap signs 45m syndicated loan facility

Vietcap signs $45m syndicated loan facility

Vietcap Securities has signed a deal for a US$45million syndicated loan with Shanghai Commercial and Savings Bank through its offshore banking branch.
Banks race to attract low-cost capital sources

Banks race to attract low-cost capital sources

According to industry insiders, demand deposits, or current account savings account (CASA), of many banks has started to decline since the second quarter of 2022.
Thousands of ethnic minority women supported by reach to excel project

Thousands of ethnic minority women supported by "reach to excel" project

A project titled "Reach to Excel: Promoting Financial Inclusion for Ethnic Minority Women" has supported the development of more than 500 self-managed village credit savings groups (VSLA) with more than 11,000 women participating in savings mobilisation and small-scale lending.