31 C
Ho Chi Minh City
Wednesday, June 7, 2023



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 […]
To read more, please click here.

Central bank inspect 11 banks

HCMC - The State Bank of Vietnam, the country’s central bank, has taken punitive measures against several of 11 commercial banks that have been...

Foreign reserves rise again

Vietnam’s foreign exchange reserves are being replenished. Signs foreseen The State Bank of Vietnam (SBV) has been buying foreign currency since January, acquiring an extra US$2.78...

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...

Forex rate vs interest rate

Forex rate and interest rate are two major macro variables in the economy, and they alongside inflation take center stage in monetary management. The...

Latest news