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.
Interest rates gradually decrease

Interest rates gradually decrease

The wave of interest rate cuts has been activated, and it is forecasted that the interest rate level will remain low from now until the end of the year to support businesses and the economy amid the context that the Covid-19 pandemic prolongs as currently.
VAFI proposes to gradually send deposit interest rate to zero percent

VAFI proposes to gradually send deposit interest rate to zero percent

The Vietnam Association of Financial Investors (VAFI) has recently made a proposal on deposit interest rates. According to VAFI, deposits in VND for short and medium terms are from 3.5 percent to 6.2 percent per annum, which is extremely high compared to other countries, leading to high lending interest rates, causing disadvantages for enterprises and a large number of low- and middle-income consumers.
High-interest rate corporate bonds pose high risks

High-interest rate corporate bonds pose high risks

Recently, the conditions for corporate bond issuance to the public have been tightened by the State. This is a move to reduce risks for investors, especially for individual investors, so the number of issued corporate bonds has also fallen sharply. However, in the context that deposit interest rates remain at a low level, many enterprises have issued corporate bonds with high-interest rates to attract capital.
Banks about to raise deposit interest rates

Banks about to raise deposit interest rates

From the beginning of March this year, many commercial banks have started to raise their deposit interest rates, generally at 0.1-0.2 percentage points per annum. Of which, there are terms with an increase of up to 0.8 percentage points per annum.
Deposit interest rates continue to drop

Deposit interest rates continue to drop

Although deposit interest rates are currently at low levels, since the beginning of December this year, State-owned commercial banks have continued to cut interest rates by 0.1-0.2 percentage point further for many terms compared to before.
Commercial banks simultaneously cut mobilizing interest rates

Commercial banks simultaneously cut mobilizing interest rates

After the State Bank of Vietnam adjusted the ceiling of the mobilizing interest rates in Vietnamese dong for terms below six months, on March 18, commercial banks also simultaneously cut mobilizing interest rates for below-six-month terms.