US dollar deposits at HCM City-based banks rose only 3.3 per cent in the first seven months of the year, according to the State Bank of Viet Nam's figures, while lending in dollars surged by about 19.2 per cent during the same period, stirring concerns over dollar liquidity in the banking system,
Some commercial banks have been increasing the interest rates they offer on US dollar deposits beyond the current ceiling of 2 per cent per year imposed by the State Bank of Viet Nam – with some customers reporting that they have been offered short-term rates of 3-3.5 per cent and even above 4 per cent for larger sums.
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US dollar deposit rate at some commercial banks have exceeded the cap of 2 percent per annum set by the central bank
HCMC – The amount of deposits in foreign currencies, mostly in the U.S. dollar, has fallen substantially as the greenback is losing its appeal given recent policies from the central bank to fight dollarization of the economy. Experts said the trend would continue until a point in time in the near future when banks face the scarcity of the greenback in the coffer.
HCMC – Commercial banks are mulling slashing interest rates for dollar deposits as the State Bank of Vietnam (SBV) is getting tough on the so-called dollarization in the economy by limiting the dollar borrowing and buying purposes.
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Saigon Commercial Bank and Sacombank have hiked interest rates on the greenback to a whopping 6.3 percent
Some smaller commercial banks in the past week have raised the interest rates they offer on US dollar deposits by 0.9 to 1.3 percentage points to as high as 6.1 per cent per year.
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Several commercial banks have increased the annual interest rates they pay on US dollar deposits by 0.2 percentage points to an average of 4.5-5.2 percent
Several commercial banks have increased the annual interest rates they pay on US dollar deposits by 0.2 percentage points to an average of 4.5-5.2 percent, sparking worries of a new interest rate war.
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Potential US dollar borrowers in Vietnam remain gun shy about taking out greenback loans three weeks after the central bank devalued the dong
HCM City — An extravagance bus service between HCM City and Phnom Penh has began in HCM City like a private-public co-operation effort to possess more Vietnamese vacationers visit Cambodia.The service was released on Friday through the Cambodian Tourism Ministry and NagaWorld Group."This really is yet another effort to bolster the great relationship between Viet Nam and Cambodia in tourism sector," stated Thong Khon, Cambodia's Tourism Minister.By opening an agent office in HCM City along with a number of
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by Hoai Nam Rooted in character: Wildlife viewers and outdoorsmen could be satisfied with a half-day tour within the Boy Tra Reserve. — VNA/VNS Photo Van Boy