deposit interest

Update news deposit interest

Banks begin to hike deposit interest rates

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.

MOF attempts to tax deposit interests

 VietNamNet Bridge – The Ministry of Finance (MOF) is considering taxing the profits businesses make from depositing their money at banks or lending to others.