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term deposits

Challenges for banks in luring non-term deposits

Challenges for banks in luring non-term deposits

It is much more difficult for banks to attract cheap capital from non-term deposits, or current account savings account (CASA), in the context of high interest rates on term savings.
SBV tightens regulations with bad loans on the rise

SBV tightens regulations with bad loans on the rise

The central bank’s new policy aims to reduce risk, tighten control and to channel capital into priority sectors and small-to-medium-sized enterprises, according to the SBV.
Foreigners legible to make term deposits at local banks

Foreigners legible to make term deposits at local banks

Resident and non-resident foreigners in Việt Nam remain legible to make term deposits at local banks despite some banks saying they would not accept savings deposits from individual foreign customers.
VIB launches promotional programme

VIB launches promotional programme

Customers who open term deposits worth a minimum of VND100 million (US$4,300) at Vietnam International Bank (VIB) will have the chance of winning gifts valued at up to VND2.5 million.
Property firms forced to wean themselves off bank credit

Property firms forced to wean themselves off bank credit

The HCM City Real Estate Association has recently proposed that the central bank should allow lenders to use 45 per cent of their short-term deposits for long- and medium-term loans next year instead of 40 per cent as it has...
Property sector calls for rethink on bank loans

Property sector calls for rethink on bank loans

The new restriction on banks of using only 40 per cent of their short-term deposits for long and medium-term loans should not take effect next year, the HCM City Real Estate Association has said.
Banks cut short-term interest amid good liquidity

Banks cut short-term interest amid good liquidity

Some commercial banks have continued to reduce the interest rate for short-term deposits by 0.1 to 0.3 percentage points in the past week thanks to good liquidity.
Banks cut interest rate for short-term deposits

Banks cut interest rate for short-term deposits

Many banks have reduced the interest rate for short-term deposits while raising the rate for long-term deposits to restructure capital sources.
Interest rate of short-term deposits inches up

Interest rate of short-term deposits inches up

 Interest rate of short-term deposits inched up 0.1-0.2 percentage points, according to a report from SSI Retail Research.
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.
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.
SBV keeps deposit interest rate steady

SBV keeps deposit interest rate steady

The State Bank of Viet Nam has not decided to lower the 6 per cent interest rate cap on short-term deposits, Deputy Governor Nguyen Thi Hong told baodautu.vn on Tuesday.
When cash climbs aboard a merry-go-round

When cash climbs aboard a merry-go-round

Last week the State Bank of Viet Nam decided to lower the the interest rate cap on bank deposits of up to six months by 1 percentage point to 6 per cent in an effort to boost credit growth and pump prime...
State bank cuts interest rates to spur growth

State bank cuts interest rates to spur growth

Viet Nam''s credit growth as of March 13 was negative 1.05 per cent against the end of 2013.
City banks cut deposit rates after New Year

City banks cut deposit rates after New Year

Many banks in HCM City have cut deposit interest rates since Tet (the Lunar New Year).