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.
Some banks enter new rate race Business

Some banks enter new rate race

Some commercial banks have entered a new interest rate hike race to lure medium- and long-term deposits, pushing the rate to a record high of more than 9 percent per year.
Some banks cut deposit interest rates Business

Some banks cut deposit interest rates

Several commercial banks have unexpectedly slightly cut the dong-denominated deposit interest rates in the past week, according to report by the State Bank of Vietnam (SBV).
Vietnam credit growth rises Business

Vietnam credit growth rises

Credit growth by February 20 rose 0.39 percent while capital mobilisation increased 0.34 percent against December last year, a government report released early this week said.