VN Banks mired in deposit interest rate war

The interest rate on dong deposit accounts at commercial banks now stands at around 10 per cent per annum, much higher than pre-Tet figures. Recent rate rises were a predictable consequence of the central bank’s decision to raise three key interest rates in a bid to boost reserves...
Read more: Vietnam Business Finance: Banks mired in deposit interest rate war

In the face of the current integration process, development in the banking system should focus on restructuring commercial banks, equitising State-owned commercial banks (SCBs), increasing capital resources and improving management capabilities...
Read more: Vietnam Business Finance: State owned commercial banks: opportunities and challenges