Ministries and branches are consulting with the Ministry of Finance (MOF) on solutions to help disperse corporate bonds that will mature in 2023-2024.

Many companies in HCM City have reported high growth rates, which can be seen in the high Tet bonuses being offered to their workers. They now need support in capital and market information.

The race to lure deposits among banks is becoming fiercer as more customers are selected medium- and long-term savings to get higher interest rates.

The State Bank of Vietnam (SVB) has withdrawn VND138.84 trillion from the last seven trading sessions and raised operating interest rates. The VND/USD exchange rate has cooled down.

After the State Bank of Vietnam implemented the new operational interest rate on September 23, all joint-stock commercial banks, with the exception of state-owned ones, have adjusted the deposit interest rate for most terms.

Under the circular, the State Bank of Vietnam told banks to reschedule debt repayments to help customers affected by the COVID-19 pandemic until June 30 this year.

As many major central banks tightened monetary policies to contain soaring inflation, the State Bank of Vietnam (SBV) on September 22 also decided to hike its benchmark interest rate by 100 basis points, effective September 23.

At a recent seminar on the corporate bond market, participants heard surprising statements made by members of the National Financial and Monetary Policy Advisory Council.

Mobile banking often leads clients to using multiple convenient services, such as taking out a loan and registering for a bank card. This is where banks can generate new streams of revenue.

Although Decree 31/2022/ND-CP of the State Government offers support to businesses, cooperatives, and business householders at 2 percent interest rate when borrowing from commercial banks, there is still a strict criterion in place.

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.

Several commercial banks reported profits higher than VND10 trillion for the first half of the year.

In the last half of 2022, banks may ease loan conditions so that more customers could access credit, given the positive economic outlook and their improving financial capacity.

Banks’ recent deposit rate hikes indicate a liquidity crunch.

A majority of credit institutions (CIs) are optimistic about their business performance in Q3 2022, the State Bank of Việt Nam (SBV)’s latest survey on business trends of credit institutions showed.

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 staying out of the game.

To avoid exchange rate and capital outflow risks, interest rates in Vietnam are expected to rise, while the bad debt ratio is likely to increase sharply.

Experts predictions have come true: banks have raised deposit interest rates to attract more capital.

Many businesses are disappointed with the move of private joint stock commercial banks, which cite a fear of a sharp drop in profits.

Many commercial banks continue to slash lending interest rates following an interest rate cut in July. The current lowest interest rate is 4 percent per annum.