VnExpress News The News Gateway of Vietnam
Bank deposits rose by nearly 250% year-on-year as oj June 30 to VND5,619 trillion ($240.1 billion) as interest rates went up amid the post-Covid economic recovery.
Banks hiked deposit interest rates by 0.5-1% percentage point as credit demand rose due to the recovery, according to a report by the BIDV Training and Research Institute.
VnExpress data shows that most banks continued to increase their deposit interest rates in July-August, with the hikes ranging up to 0.2% percentage points.
Most banks now offer 5.5-6.6% for 12-month deposits.
Analysts at brokerage VNDirect forecast a further hike of 0.3-0.5% points this year.
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