Từ khóa: #commercial banks

Investors wary of more reduction in interest rates

Investors wary of more reduction in interest rates

Since the beginning of March 2023, commercial banks have reduced deposit interest rates which have been contrary to forecasts made by many domestic and foreign investment organizations. 
Interest rates gradually cool down

Interest rates gradually cool down

Commercial banks have agreed to lower deposit interest rates by about 0.5 percent starting from March 6, while State-owned banks will only reduce their rates by 0.2 percent because they are already at the lowest level in the market.
Nearly US$1.27 million loan given to businesses

Nearly US$1.27 million loan given to businesses

According to the State Bank (SBV)’s, the loan amount from the 2-percent interest rate support package reached nearly VND30 trillion (US$1,268,366) and the amount of interest rate support neared VND78 billion by the end of November 2022.
Reference exchange rate down VND2

Reference exchange rate down VND2

The State Bank of Vietnam set the daily reference exchange rate at VND/US$23,606 on February 3, down VND2 from the previous day.
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.