Capacity expands to lower deposit and lending rates
October 04, 2024 | 10:30
The recent decline in exchange rates will provide the State Bank of Vietnam with more room to adjust interest rates in a way that benefits credit growth and stimulates economic expansion.
MUFG pilots sustainable deposit scheme in Vietnam
May 02, 2024 | 10:26
MUFG has piloted sustainable deposits in Vietnam with placements by Taikisha Vietnam Engineering, Acecook Vietnam, and Arcelik Hitachi Home Appliances Sales Vietnam.
Banks begin to hike deposit interest rates
January 10, 2022 | 11:02
In October, the average interest rates on bank deposits for six months and 12 months were 4.7 per cent and 5.5 per cent, down half a percentage point from a year earlier, according to Bao Viet Securities Company.
Banks struggle to make capital work
March 25, 2013 | 11:43
Banks are continuing to sit on a pile cash with few firms ready to talk business.
Savings still seen as a safe haven
September 11, 2012 | 10:00
Given the gloomy economy, mounting bankruptcies, the dismal stock market and the continuous fluctuation of gold prices, savings accounts are being promoted as a safe investing channel.
Deposit interest rates may fall to 9 per cent by year-end
May 23, 2012 | 11:07
Deposit interest rates offered by commercial banks are likely to come down to between 9 and 10 per cent per annum by the end of this year, said Nguyen Van Binh, governor of the State Bank of Vietnam.
Foreign banks lower deposit rates
March 12, 2012 | 14:19
After the central bank announced its intention to lower the ceiling deposit rate to less than 13 per cent, several foreign banks have reduced their rates while local banks have yet to make any move.
Banks move to cut deposit interest rates
March 09, 2012 | 14:57
A State Bank of Vietnam (SBV) announcement about a possible cut in deposit interest rates has spurred many banks into action even before an official decision is taken.
Big safety net for depositors
December 16, 2011 | 18:00
The National Assembly Standing Committee’s fourth meeting which wrapped up yesterday dug into several draft laws and laws, including the Law on Deposit Insurance to be high on the agenda in the upcoming 13th National Assembly third session starting May 2012.
Usual suspects still haunt banks
November 21, 2011 | 07:21
Vietnam’s macroeconomy recently exhibited some good signs, with October’s consumer price index data rising only slightly against September, by 0.36 per cent and representing the lowest increase this year.
Safety first for deposits
November 05, 2011 | 09:38
National Assembly Finance and Budget Committee chairman Phung Quoc Hien chats with VIR about how to boost deposit insurer investment efficiency while ensuring the banking system safety.
Everyone watching the rate game
September 17, 2011 | 17:00
The central bank is keeping a close eye on interest rates as local banks put their shoulders to the wheel.
State Bank chief has full plate
August 29, 2011 | 10:00
Reducing Vietnam’s lending interest rate, stabilising the VND/USD exchange rate and consolidating the bulky system of credit institutions are all high on newly-elected State Bank Governor Nguyen Van Binh’s agenda.
New safety net laid out for financial system
August 29, 2011 | 09:00
A ground-breaking new draft law on deposit insurance aims to better protect depositors’ legal rights and boost the safety of the national financial system.
Local currency rates pushed to limit
July 30, 2011 | 14:03
Dong interest rates face mounting pressures amid consumer price index surges.
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