Uptrend in deposit rates may stagnate
MBS anticipated that deposit rates would inch up only by an additional 20 bps by year-end.
MBS anticipated that deposit rates would inch up only by an additional 20 bps by year-end.
MBS expects deposit rates to rise by 50 basis points in the second half of 2024.
FIDT's Head of Research & Investment, Mr. Đoàn Minh Tuấn, predicts that as credit growth accelerates in the following two quarters, deposit rates may climb further...
While credit growth remains sluggish, the recent increase in deposit rates across the banking sector has raised concerns among businesses and market observers for fear...
Corporate bonds are viewed as a cheap fundraising tool that assists Vietnam's commercial banks in expanding low-interest loans to firms.
Many banks have adjusted up savings interest rates by 0.2-0.3 percentage point per year since early this months to lure depositors in the context that the savings amount...
Deposit rates are rising, raising concerns that lending rates may follow when credit expansion resumes.
In the context of negative credit growth during the first two months of 2024, savings interest rates on the market continue to plummet. Many banks are injecting cheap...
Nearly 20 commercial banks in Vietnam have adjusted deposit rates since the beginning of this month, with most lowering rates.
According to financial analysts, deposit rates have hit their lowest level in years and would be tough to cut further, while lending rates continue to fall.
Deposit interest rates at four major banks of Vietnam were adjusted sharply, down by 0.4% per year from the previous listings, bringing the rate to 1.8% per year at the...
The other banks in the Big 4 group have altered their interest rates in response to Vietcombank's lead in setting the lowest deposit rates across all terms.
Deposit interest rates are expected to remain unchanged in 4Q23, while loan interest rates are expected to fall further 0.25%.
Borrowers are finding it challenging to obtain new loans from banks to settle their existing debts at a different bank.
Commercial banks have persistently reduced deposit interest rates, resulting in rates for many terms now standing at just above 6% per annum.
HSBC expects the State Bank of Vietnam (SBV) to deliver one more 50bp rate cut in this easing cycle, sometime in 3Q23, to further support growth.
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 have been steadily cutting deposit interest rates, which have reached around 8%, a move aimed at reducing lending rates to support businesses.
The State Bank of Vietnam (SBV) is also supplying the market with liquidity as the interest rate has fallen to an extremely low level. However, a variety of factors...
The State Bank of Vietnam (SBV) cut its policy rates twice in March 2023.
The State Bank of Vietnam's (SBV) adjustment to reduce the operating interest rate and the interest rate on open market operations was considered by experts as one of...
The State Bank of Vietnam (SBV) has little room for future policy rate reductions to support enterprises, notwithstanding the Fed's reduced magnitude of rate hike.