Bank deposits increase again

Bank deposits increase again

According to the latest updated data from the State Bank of Vietnam about customers' deposits in the credit institution system, after decreasing for two consecutive months, deposits have increased again, gaining more than VND106 trillion in September.
Interest rate cut not as expected

Interest rate cut not as expected

Many commercial banks have announced a 0.5-3 percent cut in lending interest rates and many policies to support customers affected by the Covid-19 pandemic. However, feedback from individual customers in Ho Chi Minh City shows that banks have refused to aid them, even when they are in blocked areas and need priority.
Banks launch low-interest rate packages to stimulate credit demand

Banks launch low-interest rate packages to stimulate credit demand

Besides supporting customers affected by the Covid-19 pandemic, commercial banks also introduced several support packages with interest rates lower than usual interest rates by 0.5 to 3 percent per annum, worth around VND250 trillion (US$10.66 billion), for both corporate and individual customers to stimulate credit demand.