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Subscription Plans

Subscribe to
The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Monday, May 26, 2025

Central bank wants deposit rates stabilized

By Gia Nghi

Must read

HCMC – The State Bank of Vietnam (SBV) has urged commercial banks to stabilize deposit interest rates and work towards reducing lending rates to ensure liquidity, foster sustainable credit growth, and support the country’s economic development.

The SBV emphasized the importance of streamlining loan procedures and leveraging technology to cut costs. These measures are intended to make more preferential loans available for businesses and individuals, thereby boosting economic activity.

Commercial banks have also been instructed to fully and transparently disclose loan interest rate information on their official websites and the media.

SBV branches and credit institutions have been directed to coordinate efforts to stabilize deposit rates, reduce lending rates, and proactively share information about interest rates and preferential credit programs.

Earlier this month, some banks began raising deposit interest rates.

In response, the central bank issued Circular 48 prohibiting banks from offering promotional activities that violate regulations, ensuring that interest rates do not exceed the prescribed ceiling.

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