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interest rates

Financial Markets

Four state-owned banks cut deposit rates

Ngoc Nguyen -
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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Financial Markets

Vietnam’s central bank cuts interest rates

Chuong Pham -
HCMC - The State Bank of Vietnam (SBV) made two separate decisions today to lower interest rates by 0.5 to one percentage point, with...
Financial Markets

Banks slash deposit rates

Dat Thanh -
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...
Financial Markets

Interbank interest rates rise

Dat Thanh -
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...
In the news

What causes interest rates to slide?

Hong Ngan -
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...
Financial Markets

SBV says it does not restrict real estate loans

Dat Thanh -
HCMC – Vietnam's central bank has said it has no policy to restrict commercial banks from lending to the real estate sector. Deputy Governor of...
In the news

The credit growth puzzle

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

Challenges for banks ahead

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

Taking issue with interest rates

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

High lending rates dampen housing market

Dat Thanh -
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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