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.
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Securities under pressure from external risks

Although the US Federal Reserve (FED) raised the interest rate in the hope of reducing inflationary pressure, it has come as a shock to see a rise in the core US inflation data, despite falling oil prices. At present Vietnam's macro data continues to be positive but the domestic stock market is reeling from external variables.
Lending interest rates unlikely to keep stable

Lending interest rates unlikely to keep stable

Amid the context that central banks of many countries raised interest rates sharply, from September 23, the State Bank of Vietnam (SBV) decided to increase operating interest rates, which experts assessed as a timely action.
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Obstacles in disbursement of support package

The State Bank of Vietnam has announced adjustment of credit limit for 2022 for fifteen commercial banks by 1 percent to 4 percent, and at the same time requested banks to step up disbursement of the 2-percent interest rate support package as per Decree 31/2022/ND-CP. 
Apprehension of increase in interest rate

Apprehension of increase in interest rate

There is still some apprehension of a potential external risk when the US Federal Reserve (FED) increases the basic interest rate at a meeting to be held by 20 September. 
Gov’t directs to speed up interest rate support program

Gov’t directs to speed up interest rate support program

During a meeting on Wednesday, the State Bank of Vietnam (SBV) reported commercial banks lent nearly VND4.1 trillion to nearly 550 customers under the program, of which VND1.1 trillion was interest rate aid.