Vietnam banks enter new phase of deposit rate cuts

Vietnam banks enter new phase of deposit rate cuts

Vietnamese commercial banks, led by state-controlled majors, have begun a new round of lowering deposit interest rates amidst tepid credit growth.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam banks cut deposit interest rates to record lows amid lukewarm lending

Vietnam banks cut deposit interest rates to record lows amid lukewarm lending

Commercial banks in Vietnam are unanimously lowering their interest rates on short-term deposit to all-time lows as credit demand stays lackluster despite the year-end peak season nearing.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Right time for stock investment as deposit interest rates hit historic low: brokers

Right time for stock investment as deposit interest rates hit historic low: brokers

Low deposit interest rates along with banks looking to pump money into the economy have benefitted the stock market in Vietnam, said leading Vietnamese brokers.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7