Tags

deposit

SACOMBANK launches certificate of deposit with 8.2% interest, no penalty for cashing out early

SACOMBANK launches certificate of deposit with 8.2% interest, no penalty for cashing out early

Saigon Treasure Commercial Joint Stock Bank (SACOMBANK) is offering a certificate of deposit product to meet the growing demand for wealth management solutions that both offer high returns yields and capital flexibility.
Household savings hit record as high interest rates attract idle money

Household savings hit record as high interest rates attract idle money

The increase comes as deposit rates have risen steadily since late 2025, encouraging households to move idle funds into bank savings for capital preservation and higher returns amid subdued performance in the stock, property and gold markets.
Banks told to stabilise interest as deposit rates climb

Banks told to stabilise interest as deposit rates climb

Under the document, the SBV requested credit institutions, branches of foreign banks and regional SBV offices to implement measures to maintain stable market interest rates.
Rising deposit rates seen continuing amid liquidity pressure

Rising deposit rates seen continuing amid liquidity pressure

Recent increases in deposit rates, initially led by joint-stock lenders, have spread to State-owned banks, signalling the formation of a new rate baseline in the money market.
Banks offer post-holiday promotions to attract deposits

Banks offer post-holiday promotions to attract deposits

On the God of Wealth Day (February 26), online savers at the bank have a chance to win one tael of SJC gold.
State banks break year-long rate freeze with deposit hikes

State banks break year-long rate freeze with deposit hikes

Việt Nam''s ''Big Four'' lenders boost savings rates as year-end credit demand rises
Amended draft law allows for early deposit insurance payouts

Amended draft law allows for early deposit insurance payouts

The draft law was presented by State Bank of Vietnam (SBV) Governor Nguyễn Thị Hồng at a National Assembly (NA) Standing Committee meeting on Monday to discuss the proposed changes.
Banking sector lower lending rates

Banking sector lower lending rates

Alongside adjustments to deposit rates, lending rates across the market continue to decline.
Bank deposits reach record high despite low interest rates

Bank deposits reach record high despite low interest rates

A notable driver was the continued surge in individual deposits, which hit a record high of nearly VNĐ7.5 quadrillion, up 5.73 per cent since the beginning of the year.
Banking sector faces liquidity challenges amid rate cuts

Banking sector faces liquidity challenges amid rate cuts

The recent reduction in deposit interest rates by commercial banks has raised concerns about liquidity, especially among smaller institutions.
Central bank issues new decisions on deposit interest rates

Central bank issues new decisions on deposit interest rates

According to the SBV, Decision No. 2410/QĐ-NHNN and Decision No. 2410/QĐ-NHNN aim to ensure consistency on a legal basis with other issued circulars on deposit interest rates.
Long-term deposit interest rates reach 7.4 per cent

Long-term deposit interest rates reach 7.4 per cent

Vietcombank Securities Company (VCBS) forecasts that deposit interest rates in the third quarter of 2024 will continue to increase by about 0.3-0.5 percentage points.
Stock market remains attractive to retail investors

Stock market remains attractive to retail investors

Despite the remarkable surge in gold prices and the gradual increase in deposit interest rates, the stock market continues to stand out as an appealing investment channel.
Zero per cent dollar-denominated deposit interest rate needs to stabilise forex market

Zero per cent dollar-denominated deposit interest rate needs to stabilise forex market

The SBV applied a dollar-denominated deposit interest rate cap of 1 per cent per year for organisations in 2010 and 3 per cent per year for individuals in 2011. 
Banks are lifting deposit rates

Banks are lifting deposit rates

Private commercial banks are lifting deposit rates in June to attract idle capitals.