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Update news bank deposits
Despite low interest rates, bank deposits have reached a new historic peak of VND16 quadrillion (US$628.5 billion) as of the end of March, according to the latest data from the central bank.
After a long period of staying at a low level, home loan interest rates have begun to increase. With higher house prices and interest rates, the dream of owning a house is becoming more difficult.
Banks’ recent deposit rate hikes indicate a liquidity crunch.
The Ha Noi Stock Exchange said that Nha Trang Bay Investment and Construction Joint Stock Company successfully issued private corporate bonds worth VND650 billion (US$28.2 million), all of it to the Viet Nam Maritime Bank.