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
New regulations on management for cash, property and documents at the State Treasury

New regulations on management for cash, property and documents at the State Treasury

VCN- This Circular replaces Circular 122/2012/TT-BTC dated 27th July 2012 of the Ministry of Finance stipulating the management for cash, valuable documents and precious property deposited and preserved by the State Treasury.
Banks lower deposit rates following good liquidity

Banks lower deposit rates following good liquidity

Many banks have recently reduced deposit interest rates by 0.2-0.4 percentage points against earlier this year due to good capital mobilisation amidst the credit slowdown.
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