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Wednesday, December 18, 2024

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interest rates

SBV asks banks to lower lending rates

HCMC - The State Bank of Vietnam (SBV), the nation’s central bank, has asked commercial banks to continue cost-cutting measures, simplify lending procedures, and...

Cheap deposits return

After a period of decline, non-term deposits, technically known as current account savings accounts (CASA), are showing signs of strong recovery at many banks,...

Money is not cheap

In an interview with The Saigon Times, Do Thien Anh Tuan, a lecturer at Fulbright School of Public Policy and Management, said that whether...

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...

Overnight interbank rates surge

HCMC - Overnight interbank interest rates in Vietnam have surged to a two-month high, nearly quadrupling compared to the previous week, according to data...

Most loans in HCMC bear interest rates below 10%

HCMC – Interest rates on loans in HCMC have declined significantly, with 63% of outstanding loans bearing rates below 9.75%, according to the State...

Interbank interest rates rise

HCMC - Interbank interest rates in Vietnam have recently climbed to 2.2%, the highest level since mid-June this year. Data from the State Bank of...

Forex and interest rates on collision course

As credit growth is losing steam, most banks have lowered borrowing rates to reduce the capital cost and enable themselves to cut lending rates...

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