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Tuesday, June 6, 2023


interest rates

Four state-owned banks cut deposit rates

HCMC – Vietnam’s big four state-owned commercial banks today, March 15, lowered their 12-month-term deposit interest rate by 20 basis points to 7.2%, just a day after the central bank decided to lower key interest rates. The four banks are the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), the Joint Stock Commercial […]
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Banks slash deposit rates

HCMC - Ten commercial banks have cut their deposit rates by 0.3-0.8 percentage point following a meeting between the central bank and commercial banks...

Interbank interest rates rise

HCMC – Vietnam’s interbank interest rates have edged up further due to the central bank’s net cash withdrawals from the banking system. The interbank rates...

What causes interest rates to slide?

Banks’ unexpected deposit rate cuts before and immediately after the Lunar New Year are explainable Unexpected, yet understandable The deposit rate bracket at Techcombank, effective from...

The credit growth puzzle

The fact that banks have refrained from lending does not result from their concerns over the credit growth cap since it has already been...

Challenges for banks ahead

Many banks might have recorded positive profit growth in 2022. But challenges are awaiting them this year given negative factors such as high interest...

Taking issue with interest rates

With banks joining an interest rate hiking race that may lead to economic uncertainties, it is high time to take measures to stabilize this...

High lending rates dampen housing market

HCMC – Increasing interest rates are forcing homebuyers to make difficult decisions, including selling their homes to pay off their mortgages. Interest rates on consumer...

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