2.57 quadrillion VND deposited at listed banks

Institutions and individuals deposited some 2.57 quadrillion VND (113.2 billion USD) at eight listed commercial banks by the end of 2016.

Thursday, February 09, 2017 08:49

2.57 quadrillion VND deposited at listed banks ảnh 1

Illustrative image (Source: VNA)

Hanoi (VNA) - Institutions and individuals depositedsome 2.57 quadrillion VND (113.2 billion USD) at eight listed commercial banksby the end of 2016.

The listed banks include BIDV, Vietcombank, VietinBank and Asia CommercialBank, as well as Military Bank, Eximbank, Vietnam International Bank andNational Citizen Bank.

The amount of money was equal to 1.5 times of the country’s stock marketcapitalisation.

Currently, interest rates average at 0.8-1 percent per year based on demand andfor below one-month terms, 4.5-5.4 percent per year for one-to-six-month terms,5.4-6.5 percent per year for 6-to-12 month terms and 6.4-7.2 percent per yearfor 12-month-plus terms.

The interest rate for dollar deposits was commonly zero percent for individualsand economic institutions.

According to the current legal regulations, depositors do not have to payincome tax.-VNA

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