Keyword: "deposit"

On February 25, the SBV held a meeting with credit institutions to address strategies for stabilising deposit interest rates. As a result, banks such as Eximbank, BVBank, KienlongBank, the Maritime Bank of Vietnam (MSB) and VietBank have announced new deposit interest rate schedules, with the highest reduction reaching up to 0.7% per year.

Many banks have adjusted up savings interest rates by 0.2-0.3 percentage point per year since early this months to lure depositors in the context that the savings amount at the banking system has declined for the first time after 25 consecutive month increase.

The State Bank of Vietnam will auction an additional 16,800 taels of SJC-branded gold bars to businesses at 9am on May 3, it said in a statement released on May 2.

Almost all banks in Vietnam have cut interest rates for deposits for terms from six months and above to below 8% per year.

The Bank of Thai (BoT) and commercial bank members of the Thai Bankers’ Association (TBA) have been upgrading their digital technology to handle cyber-risks and strengthen cybersecurity.

Moody's Investors Service has raised ratings of many Vietnamese banks following its upgrade of Vietnam's sovereign rating to Ba2 from Ba3.

Capital account restrictions largely insulate interest rates in Vietnam from global monetary tightening and the country’s policy rate is expected to increase 50 basis points to 4.5% by end-2023, according to Fitch Ratings.

Moody’s Investors Service has assigned first-time Ba3 deposit and issuer ratings to Vietnam Bank for Agriculture and Rural Development (Agribank).

Moody’s Investors Service, one of the world’s leading credit ratings agencies, has upgraded the credit rating outlook of Vietnam International Bank (VIB)’s local currency deposits and issuer ratings to “positive”, from its previous level of "stable".

Vietnamese shares extended gains on September 28, driven by the banking sector on expectations that lower short-term deposit rates would boost lending for the economy and local businesses.

The loan-to-deposit ratio (LDR) of eight State-owned commercial banks has improved significantly in recent months, making the industry more optimistic about keeping it at a maximum of 90 percent.

Deposit interest rates in the Vietnamese dong this year are expected to rise one percent against last year, according to a report from the National Financial Supervisory Commission (NFSC).

After pushing long-term rates to a two-year high of 8.38 percent, some commercial banks continue to raise short-term deposits to the 5.5 percent cap.

Average lending interest rate in November reduced 0.28 percent to 9.3 percent per year, the highest slide for the past nine months.

The central bank's recent dollar deposit reduction would not have a negative effect on Vietnamese remittances from overseas because an insignificant amount of the remittances went into savings.

Moody's has upgraded the ratings of two Vietnamese banks, citing their improvements in the standalone credit profile.

Bank credit growth so far this year stands at 7 percent year-on-year, outstripping deposit growth, which is only 5 percent, Dau Tu Chung Khoan newspaper reported.