Vietnam banks cut six-month deposit rates to 7%

Vietnam banks cut six-month deposit rates to 7%

The six-month deposit interest rates at banks in Vietnam, barring some outliers, fell to a maximum of 7% starting Wednesday.

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

Compulsory transfer of 4 banks under special control approved

Compulsory transfer of 4 banks under special control approved

The State Bank of Vietnam (SBV) said competent authorities have approved the plan for compulsory transfer of four banks under special control, namely Construction Bank (CB), OceanBank, GPBank and DongA Bank.

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