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Friday, November 22, 2024

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bank deposits

Personal deposits near VND7 quadrillion

HCMC – Personal deposits at commercial banks in Vietnam totaled nearly VND7 quadrillion as of August, up by 6% against the end of 2023,...

Banks rush to issue bonds

April 2024 saw banks issuing VND7,800 billion of bonds via private placement, accounting for over 71% of the total value of debt issued by...

SBV wants bank deposit incentives banned

HCMC – The State Bank of Vietnam (SBV), the central bank, has proposed prohibiting banks from offering depositors of Vietnamese dong those incentives contradicting regulations. The...

Savings rates decline further

HCMC - Commercial banks have continued savings interest rate cuts, with BIDV taking the lead by reducing rates by 10 to 20 basis points...

Banks further cut deposit rates

HCMC - Commercial banks have recently further lowered interest rates for deposits, with the lowest rates now hitting 1.7% per annum, according to Thanh...

Bank deposits surge to all-time high of VND6.43 quadrillion

Deposits at commercial banks in the first eight months of this year soared by 9.68% against the end of 2022 to an all-time high of VND6.43...

Deposits surge despite rate cuts

Despite the ongoing run of interest rate cuts, deposits have continued flowing into the banking system. This is an omen of economic conditions getting...

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