Banks continue to cut interest rates for pandemic-hit clients

Banks continue to cut interest rates for pandemic-hit clients

The State Bank of Vietnam (SBV) will continue directing commercial banks to reduce interest rates for customers affected by the COVID-19 pandemic, said Deputy Governor Dao Minh Tu at the Government’s press conference on August 11. ​
Bank interest rates: Where arethey high, where are they low?

Bank interest rates: Where arethey high, where are they low?

VCN- According to financial and banking experts, in previous years, deposit interest rates tended to increase before and after the Lunar New Year in order to mobilize idle capital from employees' salaries and New Year bonuses.
Bank interest in 2021 will remain at low level

Bank interest in 2021 will remain at low level

In 2020, banks’ deposit interest rates plummeted, of which interest rates for one and two-month terms fell to an unprecedented level at 2.55% year.
Creating a new rate for mobilizing interest

Creating a new rate for mobilizing interest

In recent years, many banks, including large units, have raised their mobilizing interest rates.
Bank interest rates: Not seen the signals of reducing, but increasing

Bank interest rates: Not seen the signals of reducing, but increasing

VCN- In the direction of the Government, the requirement of reducing interest rates to support businesses and the economy is repeatedly mentioned. However, interest rates in 2018 are forecast to remain more stable than go down.
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