Lending interest rates are under increasing pressure

Lending interest rates are under increasing pressure

Banks have continued to increase the highest deposit interest rate up to 1%/year.
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).
Interest rate can set new ground: Going up or down?

Interest rate can set new ground: Going up or down?

Forecasts show that interest rates will establish new ground in the second quarter of 2021. Meanwhile, many said that the economy still has many problems that could push interest rates up.
Interest rates tend to increase

Interest rates tend to increase

Since the beginning of March, banks have increased interest rates on personal savings deposits.
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.
Banks raise certificates of deposit rates to more than 10 percent

Banks raise certificates of deposit rates to more than 10 percent

Banks have increased their interest rates on certificates of deposit (CDs), bringing them in excess of 10 percent per year with the aim of mobilising long-term capital.
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.
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.
Banks hike deposit rates for liquidity

Banks hike deposit rates for liquidity

During the run-up to Tet many ​ban​ks have ​increased deposit rates to sustain liquidity.
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