Vietnamplus

The deposit interest rates at major banks has continued to decrease since the beginning week of September.

As the market is witnessing adjustments in the rate of ownership for foreign investors in banks, analysts say that it depends on the strategy and business plan of each bank from time to time.

The State Bank of Vietnam (SBV) will continue directing commercial banks to reduce interest rates for customers affected by the COVID-19 pandemic, said Deputy Governor Dao Minh Tu at the Government’s press conference on August 11. ​

The Vietnam Bank for Agriculture and Rural Development (Agribank) on July 15 said it will cut lending rates in Vietnam dong for the fifth time.

The need to increase awareness and understanding of customers' financial services is increasing globally, and Vietnam - an emerging economy, is no exception, according to a report.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) on May 26 donated a total of 38 billion VND (nearly 1.65 million USD) to finance the purchase of COVID-19 vaccines in 10 cities and provinces.

The Vietnam Bank for Agriculture and Rural Development (Agribank) jumped 17 spots to rank 173rd in the recently announced Brand Finance Banking 500 list for 2021, which featured the most valuable and strongest banking brands in the world.

Credit rating agency Moody's recently announced its rating upgrade on Agribank's long-term foreign-currency deposit rating from B1 to Ba3.

Five banks have donated a total of 25 billion VND (1.07 million USD) for the fight against the new COVID-19 outbreak that is hitting Da Nang city hard, according to the State Bank of Vietnam (SBV).

As of the end of June, the Vietnam Bank for Agriculture and Rural Development (Agribank) had disbursed 20.56 trillion VND (886.5 million USD) in credit to over 9,000 customers affected by the COVID-19 pandemic.

Banks are ready to seize business opportunities in the coming months as the COVID-19 pandemic has been basically controlled in Vietnam and domestic production and business are expected to accelerate soon.

The Vietnam Bank for Agriculture and Rural Development (Agribank) has decided to cut interest rates for short, mid and long-term loans in five priority fields, starting from May 13.

The Vietnam Bank for Agriculture and Rural Development (Agribank) has announced that it plans to reschedule debts worth 250 trillion VND (10.5 billion USD) for pandemic-affected customers in the second and third quarters of 2020.

The Vietnam Bank for Agriculture and Rural Development (Agribank) has announced it will continue to cut fees on all interbank transfers to support customers amid the COVID-19 pandemic.

The Agriculture and Rural Development Bank (Agribank) has said it will increase the support level for its credit package worth 100 trillion VND (4.3 billion USD).

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and the Vietnam Bank for Agriculture and Rural Development (Agribank) will provide credit packages worth 60 trillion VND (2.5 million USD) and 100 trillion VND respectively to support customers amid the COVID-19 pandemic.

Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has asked commercial banks to promptly to support customers affected by COVID-19.

The Vietnam Bank for Agriculture and Rural Development (Agribank) – Vinh Phuc II branch handed over 130 body temperature equipment products worth 200 million VND (8,600 USD) to schools in Phuc Yen city, the northern province of Vinh Phuc on March 18.

The Vietnam Bank for Agriculture and Rural Development (Agribank) on February 21 handed over 800 million VND (about 34,400 USD) to the Vinh Phuc provincial chapter of Vietnam Fatherland Front in support of the fight against novel coronavirus disease (COVID-19) outbreak in the locality.

The High-level People’s Court in Hanoi on February 21 reduced sentences for three defendants, including former Deputy Minister of Labour, Invalids and Social Affairs Le Bach Hong, while upholding penalties for three others involved in violations at the Vietnam Social Security (VSS).