Banks struggle to lure long-term capital Business

Banks struggle to lure long-term capital

Banks have to mobilise long-term capital at high costs by issuing certificates of deposit (CD) in Vietnamese dong with high interest rates to lure depositors, causing concerns about a domino effect on lending rates.

Banks bid to attract fresh gold deposits

Banks in Ho Chi Minh City are vying to increase interest rates on gold and deposits in unpopular foreign currencies, considering it as a solution to improve liquidity.

More banks cut dollar interest rate

More commercial banks have cut deposit interest rates for the US dollar by 0.1-0.4 percentage points, showing that the State Bank's tighter rules on dollar lending are taking effect.