Finding investment direction for market fluctuations

Finding investment direction for market fluctuations

VCN - Many indicators show that there are still many variables that can impact financial investment activities in the second half of 2024. However, the economy is still in recovery, so calculating and choosing investment channels appropriately, closely mo
Remove gold monopoly to bounce back its normal state

Remove gold monopoly to bounce back its normal state

According to Dr. Le Xuan Nghia, gold should be allowed to return to its normal state because the fear of "goldization" only occurs when gold is deposited in commercial banks as a form of deposit
Resolve bottlenecks to upgrade the stock market

Resolve bottlenecks to upgrade the stock market

VCN - Recently, Vietnam's stock market has made many efforts to improve criteria to satisfy the conditions of an emerging market.
Deposit rate continues to drop but lower lending rate remains challenge

Deposit rate continues to drop but lower lending rate remains challenge

Commercial joint stock banks continued to lower deposit interest rates early this month – a move that raises hope of a fall in lending rates.
Banks continue savings interest rates “race”

Banks continue savings interest rates “race”

VCN - The interest rate level for savings accounts continued to increase in the early days of June 2022, and the interest rate "race" now has the participation of the "big" banks.
Regulations on environmental protection deposit for scrap imports

Regulations on environmental protection deposit for scrap imports

The Government promulgated Decree 08/2022/NĐ-CP stipulating a number of articles of the Law on environmental protection.
Banks offer higher deposit rates after credit growth quota expanded

Banks offer higher deposit rates after credit growth quota expanded

Many banks have increased their interest rates to attract more depositors after getting a credit growth quota expansion from the State Bank of Vietnam (SBV).
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.
Many new points apply to transit goods activities

Many new points apply to transit goods activities

General Department of Vietnam Customs held a conference on training Decree 46/2020/ND-CP of the Government on customs procedures, inspection and supervision for goods in transit
Deposits flowing into banks, saving interest rates fall continuously

Deposits flowing into banks, saving interest rates fall continuously

Although banks have reduced mobilised interest rates, the flow of idle balance is still running into banks due to the fear of taking risks of people.
When deposit interest rates have decreased, are savings deposit channels attractive?

When deposit interest rates have decreased, are savings deposit channels attractive?

VCN - After the State Bank of Vietnam (SBV)'s decision to lower interest rates, commercial banks simultaneously lowered deposit rates for below six-month terms, with the highest level of only 4.75% / year.
Facing difficulty in credit, banks seek "salvage" from service segment

Facing difficulty in credit, banks seek "salvage" from service segment

VCN - Many banks have suffered from the Covid-19 epidemic, with both deposits and credit declining compared to the same period last year. Therefore, to offset profits, they must boost revenue from the service segment.
Banks slash deposit rates

Banks slash deposit rates

Besides reducing transaction fees and rescheduling loans, local banks have begun to cut deposit rates as part of a broader plan to lower lending rates in the future to help businesses cushion the impact of Covid-19.
Deposit rate forecast to stay steady over next few months

Deposit rate forecast to stay steady over next few months

Interest rates for VND deposits would remain stable or even decline over the next few months, analysts from Saigon Securities Inc. (SSI) forecast.
Major banks go ahead with deposit rate cut plans

Major banks go ahead with deposit rate cut plans

Some major commercial banks have adjusted down their annual deposit rates for certain tenors by 10 30 basis points after a hike in the middle of 2018
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