Từ khóa: #commercial banks

16 local banks reduce interest rate for loans

16 local banks reduce interest rate for loans

Currently, 16 commercial banks have guaranteed to reduce the interest rate for loans from 0.5 percent point to three percent per year with a total amount of around VND3,500 billion (US$148 million) to support enterprises. 
SBV starts to buy US dollars, pump Vietnamese dong into market

SBV starts to buy US dollars, pump Vietnamese dong into market

The State Bank of Vietnam (SBV), on December 15, announced the US dollar buying price at VND23,450 per dollar after not listing the buying price for about three months. It shows that the SBV has started to buy foreign currencies for intervention and inject the Vietnamese dong into the market because foreign currency liquidity has become less tense.
Interest rate for housing support loans to be lifted to 5 percent in 2023

Interest rate for housing support loans to be lifted to 5 percent in 2023

From the beginning of 2023, commercial banks will increase the interest rate from 4.8 percent a year to five percent per year applying for loans used for purchasing, and leasing social housing projects and commercial ones having an area of under 70 square meters and VND15 million (US$634) per square meter following a new decision of State Bank.
Bank deposit interest rates still climb continuously

Bank deposit interest rates still climb continuously

While a few banks announced cutting lending interest rates to support enterprises to access good capital for production and business activities at the end of the year, in the savings market, deposit interest rates remain hot every day.
Pressure on lending interest rates strengthens at year’s end

Pressure on lending interest rates strengthens at year’s end

The recent sharp increase in deposit interest rates has pulled lending interest rates up by 3-4 percent per annum over the same period last year. In the face of highly increasing pressure on the USD/VND exchange rate, deposit interest rates have not cooled down yet, so the pressure on lending interest rates in the peak months of the year is still huge.
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Bank stocks hit by corporate bonds maturity

Bank stocks are sold out strongly, despite good business results, due to pressure of corporate bonds nearing maturity. Many stocks even fell to the lowest range in last two years as investors feared cash flow risks.
Commercial banks raise US dollar price to as high as VND24,888 per dollar

Commercial banks raise US dollar price to as high as VND24,888 per dollar

Although the State Bank of Vietnam (SBV) has increased the operating interest rates by 0.5-1 percent from October 25 to reduce the pressure on the USD/VND exchange rate, which has increased sharply over the past time, the US dollar price in commercial banks is listed at the ceiling price of VND24,888 per dollar, within the range of +/-5 percent according to the regulations of the State Bank. 
US dollar at commercial banks surges to VND24,200 per dollar

US dollar at commercial banks surges to VND24,200 per dollar

The State Bank of Vietnam today continued to set the exchange rate for the US dollar up VND17 to VND23,497 per US dollar. As of today, the US$/VND exchange rate at commercial banks was up to VND24,200 per one US dollar, nearly reaching the highest rate regulated by State Bank at VND24,202 per US dollar.
Deposit interest rates surge to 8.4-8.8 percent per annum

Deposit interest rates surge to 8.4-8.8 percent per annum

In the context of tight credit, capital demand often increases at the end of the year, so the race in the deposit interest rates of commercial banks has been increasingly hot. The highest interest rates on deposit products in the market have reached 8.4 percent per annum. Some banks even have offered the highest 13-month deposit interest rate of up to 8.8 percent per annum, but it is for an extremely large sum of deposits.