Vietnamplus

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

Many commercial banks raised deposit interest rates in recent months, triggering worries about the increasing pressure on the lending rates.

Many commercial banks have recently increased deposit interest rates, but experts forecast that the rise will last only a short time and won’t have a domino effect on lending rates.

Some commercial banks have entered a new interest rate hike race for long-term deposits with adjustments from 0.1-0.2 percent per year.

The list of banks taking part in the race to raise deposit rates continues to lengthen, and this has taken the interest rate on long-term deposits to 8.4 percent.