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Deposit interest rate

Zero per cent dollar-denominated deposit interest rate needs to stabilise forex market

Zero per cent dollar-denominated deposit interest rate needs to stabilise forex market

The SBV applied a dollar-denominated deposit interest rate cap of 1 per cent per year for organisations in 2010 and 3 per cent per year for individuals in 2011. 
Deposit interest rate hits record low

Deposit interest rate hits record low

Deposit interest rates have set a new record low.
Almost all banks cut 6-month deposit interest rate to below 8%/year

Almost all banks cut 6-month deposit interest rate to below 8%/year

Almost all banks in Viet Nam have cut interest rates for deposits for terms from six months and above to below 8 per cent per year.
Investors make decisions on different investment channels

Investors make decisions on different investment channels

Entering 2023, investors are choosing investment channels that bring high profitability amid the current financial market where there are many unprecedented risks.
Big banks hike deposit interest rates

Big banks hike deposit interest rates

Large banks are starting to join the deposit interest rate hike race along with small- and medium-sized banks due to rising capital demand pressure after a long time staying out of the game.
Deposit interest rate forecast to rise by 0.3-0.5 pp in H2 2022

Deposit interest rate forecast to rise by 0.3-0.5 pp in H2 2022

Deposit interest rate in the second half of this year might be adjusted up some 0.3 to 0.5 percentage points, experts forecast.
Deposit interest rate to stay low as banks keep borrowing costs down

Deposit interest rate to stay low as banks keep borrowing costs down

The low interest rate for deposits is part of an effort to lower lending rates for consumers and businesses, who have been struggling during the pandemic. 
Deposit interest rate proposed to gradually lower to 0%

Deposit interest rate proposed to gradually lower to 0%

The Vietnam Association of Financial Investors (VAFI) on Tuesday proposed gradually lowering the Vietnamese dong deposit interest rate to zero per cent.
Removing deposit interest rate cap considered

Removing deposit interest rate cap considered

Deputy Prime Minister Vuong Dinh Hue has recently instructed relevant authorities to scrutinise the possible removal of the deposit interest rate cap on short-term deposits.
Small borrowers fear interest rate hike

Small borrowers fear interest rate hike

Individuals as well as small and medium-sized enterprise are apprehensive loan interest rates could rise since banks have kept hiking deposit interest rate since the end of last year.
Customers hold on to cash as bank lower interest rates

Customers hold on to cash as bank lower interest rates

Cash flow into the banking sector will likely fall as lenders have reduced their interest rates, according to independent market observers.
Lending rises by 11.8 per cent on track to hit annual target

Lending rises by 11.8 per cent on track to hit annual target

The total payment means by December 19 rose by 15.65 per cent, while credit rose by 11.8 per cent against late last year, announced the State Bank of Viet Nam (SBV).
Deposit rate cut has little effect

Deposit rate cut has little effect

Le Ngoc Huong of HCM City''s Tan Binh District has decided not to pull out her deposit of VND1 billion from a bank though the interest rate has fallen from 5.6 per cent to 5.1 per cent.
Fall in deposit rates no cause for cheer

Fall in deposit rates no cause for cheer

Eximbank has decided to lower its one-month deposit interest rate to 6.5 per cent, and on two and three months to 6.6 and 6.8 per cent respectively.
Interest cuts fail to impress investors

Interest cuts fail to impress investors

Following the State Bank of Viet Nam''s decision to lower the deposit interest rate cap to 7 per cent in June, banks have cut interest rates accordingly.