Banks lower deposit interest rates further
HCMC – State-owned and private banks have recently lowered their deposit interest rates in response to the decision by the State Bank of Vietnam (SBV) to further decrease deposit rates and key interest rates on June 16. Last week, four state-owned commercial banks, including Vietcombank,
Central bank lowers interest rate caps
HCMC – The State Bank of Vietnam (SBV), the country’s central bank, has once again lowered the maximum deposit interest rate for tenors below six months, the second reduction within nearly a month. Effective from June 19, the new cap for deposits of six months or shorter will be lowered by 0.25
Major banks further lower deposit interest rates
HCMC – Several major banks have slashed their deposit interest rates by 0.5 percentage point compared to those in mid-May, right after the State Bank of Vietnam (SBV) announced two decisions further lowering key interest rates in its easing cycle. Vietcombank has recently revised down its deposit
Deposit interest rates have passed their heyday
Despite a further reduction of 0.2-0.4%, even a 1% reduction within just 1 month, bank deposit interest rates will decrease further in the coming time.