According to Mr. Quan Trong Thanh, Head of Research, Strategy, and Banking Sector at Maybank Investment Bank (Vietnam), in order to maintain profits, many banks...
Banks have been steadily cutting deposit interest rates, which have reached around 8%, a move aimed at reducing lending rates to support businesses.
A majority of banks expected their business results to continually improve in Q4 2022, helping them gain profit for the whole year.
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