The interest rate is highly increased. Particulalry, Bac Giang Branch of Joint Stock Commercial Bank of Foreign Trade of Vietnam decided to increase interest for one to six month terms. The deposit interest rate for one month term is up to 4.6 percent per year from 3.1 percent; three month term up to 5.4 percent per year from 3.4 percent; six month term up to 6 percent per year from 4 percent.

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Meanwhile, the Bac Giang Branch of Vietnam Joint Stock Commercial Bank of Industry and Trade adjusted the interest rate for two to 36 month terms with corresponding increase up to 0.8 to 1.3 percent per year comparing to the rate of one month ago.

Besides, the Bac Giang Branch 2 of Vietnam Bank for Agriculture and Rural Development (Agribank) also raised the interest rate for customers for their deposit in various terms such as one month to less than three month with 4.9 percent per year, three to less than six months with 5.4 percent per year, six to less than 12 months with 6.1 percent and above 12 months wit 7.4 percent per year.

The Bac Giang branch of Agribank gave a nod to adjust deposit interest rate up one to two percent per year against the rate at late September 2022.

Vietnam’s largest breast milk bank inaugurated in Ho Chi Minh City

A breast milk bank, the largest of its kind in Vietnam, was inaugurated at Hung Vuong Hospital in Ho Chi Minh City on August 6.

Top 10 reputable banks of Vietnam honoured

Winners of the Top 10 Banking Reputation Awards were honoured at a ceremony jointly held by the Vietnam Report JSC and the VietNamNet newspaper in Hanoi on August 3.

Vietnam the safest country in Southeast Asia for online banking: Kaspersky

Russian cybersecurity firm Kaspersky Lab recently described Vietnam as the safest country in Southeast Asia against the threat of financial attacks targeting banks, payment systems and online stores.

Banks introduce eTax Mobile service

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Central bank stands ready to pump more foreign currencies to market: official

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