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Deposit rate

Deposit rate continues to drop but lower lending rate remains a challenge

Deposit rate continues to drop but lower lending rate remains a challenge

Both the six-month and 12-month term rates now stand at 9.3 per cent per year, down from 9.7 per cent and 9.5 per cent per year, respectively.
Higher funding costs to have limited impact on Vietnamese banks

Higher funding costs to have limited impact on Vietnamese banks

Commercial banks should be able to pass some of the additional cost on to borrowers, limiting the impact on net interest margins (NIM), according to Fitch Ratings.
SBV gets tough with interest rate violators

SBV gets tough with interest rate violators

The State Bank of Viet Nam will strictly tackle credit institutions that violate regulations on interest rates, said a bank official.
Analysts split on interest rate cap

Analysts split on interest rate cap

Many HCM City banks want the central bank to abolish the interest cap for deposits of up to six months, considering it a "hurdle" to their deposit mobilisation efforts.
Banks ignore deposit interest cap in desperate liquidity bid

Banks ignore deposit interest cap in desperate liquidity bid

Banks are flouting the deposit rate cap to improve liquidity though, paradoxically, many are barely lending, according to analysts.