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Deposit interest rates tumble

Deposit interest rates tumble

Banks have cut deposit interest rates from 0.1-0.7 percentage points in the past two weeks, bringing the general interest rate down to less than 9% a year. Since the State Bank ò Vietnam reduced the policy rate in mid-March, more than a dozen banks, including VPBank, VIB, Sacombank, SHB, HDBank …

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Dollar hits 7-week low

The U.S. dollar dropped against the Vietnamese dong Tuesday afternoon to the lowest since Feb. 6. Vietcombank sold the dollar at VND23,660, down 0.08% from Monday. Techcombank lowered its rate by 0.02% to VND23,680. Eximbank maintained the greenback at VND23,670. The State Bank of Vietnam set its reference rate up …

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