Commercial banks have recently raised their interest rates for six-month deposits to a record high of more than 8 per cent per year.
A question being asked by many experts now is why banks are joining a race to increase deposit interest rates though there is no ostensible liquidity shortage.
On the first working day after the nine-day Lunar New Year 2019 holiday (February 2-10), a number of banks launched promotions to attract depositors.
With Vietnamese Women’s Day approaching, the gift market is becoming busy and promises to offer a wide range of gifts and services to satisfy all kinds of tastes.
According to the General Statistics Office, as of September 20 the banking sector’s credit growth was 9.52 per cent, much lower than the 11.02 per cent rate recorded a year earlier.