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Banks’ deposit

Individual customers keep depositing at banks despite interest rate cut

Individual customers keep depositing at banks despite interest rate cut

Though deposit interest rates listed at commercial banks have decreased rapidly after the State Bank of Viet Nam''s (SBV) policy rate cut, savings of individual customers have kept rising.
State-owned banks continue cutting deposit interest rates

State-owned banks continue cutting deposit interest rates

Four State-owned banks have further cut deposit interest rates by 0.2-0.3 percentage points to reach around 7 per cent for 12-month deposits.
Banks deposit, lending growth slows down in HCM City

Banks’ deposit, lending growth slows down in HCM City

Deposit mobilisation by credit institutions in HCM City grew by 4 per cent as of July 31 to VND3.02 quadrillion (US$132.5 billion), according to the State Bank of Vietnam.
Banks raise deposit rates but only short-term

Banks raise deposit rates but only short-term

Many commercial banks raised deposit interest rates in recent months, triggering worries about the increasing pressure on the lending rates. But some insist this was only a short-term measure.
Experts forecast lending rates to remain stable

Experts forecast lending rates to remain stable

Many commercial banks have recently increased deposit interest rates, but experts forecast that the rise will last only a short time and won’t have a domino effect on lending rates.
Banks increase dong interest rate to lure depositors

Banks increase dong interest rate to lure depositors

A number of commercial banks have increased their Vietnamese dong deposit interest rates by 0.2-0.4 per cent per year to attract depositors at year-end.
Some banks cut deposit interest rates

Some banks cut deposit interest rates

Several commercial banks have unexpectedly slightly cut the dong-denominated deposit interest rates in the past week, according to report by the State Bank of Viet Nam (SBV).
Remittances to City banks up to 2.2 billion

Remittances to City banks up to $2.2 billion

Remittance to the country through HCM City-based banks in the first seven months of the year rose to US$2.2 billion, or 19 per cent over the same period last year, according to statistics from the State Bank of Viet Nam''s HCM City branch.