From the beginning of August 2022, many more banks including commercial banks with state capital have raised the interest rate offered on savings accounts to attract extra cash.
In the early days of May 2022, many banks have raised their savings interest rates by about 0.1 percent-0.5 percent per year compared to April, especially online savings rates have increased by up to 0.7 percent per annum.
With an abundant source of money, many banks have launched credit stimulus packages and reduced lending interest rates for corporate and institutional customers.
The Covid-19 pandemic remains complicated and significantly affects the economy. In the context that the Government loosens the monetary policy, and the bank interest rates are still on a downward trend, which lucrative investment channel will investors opt for?
Although the Covid-19 pandemic still negatively affected Vietnam’s stock market, as well as many countries around the world, Vietnam's stock market is recovering with good liquidity, showing that many positive factors have appeared.