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Joint-stock banks have been following each other to raise deposit interest rates sharply since mid June, a move which has been explained as indicating they are short of capital.

The State Bank of Vietnam has predicted that total outstanding loans in June will increase by three percent only, lower than the four percent growth rate in May and five percent in April.

Commercial banks have continuously adjusted VND and US$ deposit interest rates, thus creating a new interest rate ground. Now people dont know whether they ought to open VND or US$ deposits.

The highest VND deposit interest rate has officially exceeded the 10 percent per annum threshold. However, experts believe that high deposit interest rates should not be seen as …

Commercial banks promised the State Bank of Vietnam in late May 2009 that they would slash US$ deposit interest rates to 1.5 percent per annum at the highest and lending rates to 3 percent. However, banks have not fulfilled their commitments.

A new US$ deposit interest rate ground was set up on June 1, when state-owned banks and Vietcombank officially lowered US$ deposit interest rates to 1.5 percent per annum at the …

The VND interest rate race has become hotter with new records for deposit interest rates having been set. Meanwhile, commercial banks have been pushing up interest rates on gol…

Contrary to previous predictions that commercial banks would raise lending interest rates as they have raised deposit interest rates, banks are either keeping the same lending interest rates or cutting them.

Governor of the State Bank of Vietnam Nguyen Van Giau has affirmed that the basic interest rate will be stabilised in the upcoming months, putting an end to the rumour about a possible basic interest rate adjustment.

As all commercial banks have been trying to attract more capital to implement their business plans, they have raised deposit interest rates, thus making the monetary market hotter.