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Update news interest rates
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.
Vietnam central bank withdraws VND138.84 trillion, exchange rate cools down
The State Bank of Vietnam (SVB) has withdrawn VND138.84 trillion from the last seven trading sessions and raised operating interest rates.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.
VN central bank shifts up interest rates to combat US Fed adjustments
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.
VN banking prospects from now to the end of the year
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.
Investors cautious about disbursing investments amid higher rates: experts
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.
Corporate bond regulation: taking responsibility and building confidence
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 deposit on the rise
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.
Strict criterion prevents access to loans
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.
Home-loan interest rates rise, low-income earners struggle to find accommodations
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.
Joint-stock banks reap high profits, threaten positions of state-owned Big 4 banks
Several commercial banks reported profits higher than VND10 trillion for the first half of the year.
Credit demand set to grow in the final half of 2022
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 upbeat about Q3 2022 business results
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.
Big banks hike deposit interest rates
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.
‘Easy money’ period ends, interest rates rise
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.
Banks raise deposit interest rates as cash flow slows
Experts predictions have come true: banks have raised deposit interest rates to attract more capital.
Banks earn huge profits, businesses wait for interest rate cuts
Many businesses are disappointed with the move of private joint stock commercial banks, which cite a fear of a sharp drop in profits.
Bank interest rates drop to 2-year low
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.
Businesses seek interest rate cuts, banks worry about declining profits
Business associations and industries have repeatedly asked commercial banks to ease lending interest rates to share difficulties with them in the Covid-19 pandemic.
Deposit interest rates plummet, people pour money into other investment channels
Commercial banks have reported a sharp fall in deposits as interest rates are now at a 10-year low and people seek other investment channels.
