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.
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.
The level of savings interest rates at commercial banks has continuously increased since the State Bank of Vietnam (SBV) raised the operating interest rate in the last...
The level of savings interest rates at commercial banks has continuously increased since the State Bank of Vietnam (SBV) raised the operating interest rate in the last...
Vietnam’s deposit and lending rates could rise further in 2H22 for many reasons.
Many finance analysts expected deposit rates to rise higher despite the slowdown in credit growth.
The State Bank of Vietnam (SBV) won't be in a rush to tighten monetary policy right away to promote economic recovery, even though the FED continues to raise rates.
In July, the “race” of deposit interest rates became even stronger when there were banks that increased by 1% as well as the continued participation of big banks.
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...
The interest rate level for savings accounts continued to increase in the early days of June 2022, and the interest rate "race" now has the participation of the "big"...
Despite the fact that deposit rates have been rising, lending rates may continue to fall as a result of supportive policies.
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