Banks lower saving interest rates right after Tet Business

Banks lower saving interest rates right after Tet

The race of interest rate hikes among commercial banks is showing signs of cooling down as many banks have adjusted down the rate by several percentage points per year after the Lunar New Year (Tet) holiday and have set stricter conditions for customers to enjoy the high rates.
No sudden impacts on Vietnam from FED rate hike Business

No sudden impacts on Vietnam from FED rate hike

The Vietnamese monetary market will not suffer from any significant impact from the US Federal Reserve (FED)’s fourth interest rate hike in 2018 as the move was already expected, experts have said.
Investors and analysts both rosy on the Thai economy World

Investors and analysts both rosy on the Thai economy

Political clarity and continued economic expansion have bolstered investor sentiment to its highest level in seven months and prompted analysts to forecast the Thai stock market hitting 1,826 points by year’s end.
Small borrowers fear interest rate hike Business

Small borrowers fear interest rate hike

Individuals as well as small and medium-sized enterprise are apprehensive loan interest rates could rise since banks have kept hiking deposit interest rate since the end of last year.
Vietnam’s shares down for third day Business

Vietnam’s shares down for third day

Vietnamese shares extended losses for a third day as banks fell amid investor expectations that interest rate hikes in the US and Europe could undermine the profitability of local financial firms.