Vietnam's deposit interest rates may see a slight increase in the second half of the year as the economy shows clear signs of improvement, according to banking experts.
Moody’s Investors Service has announced B2 long-term local and foreign currency deposit ratings for Saigon - Hanoi Commercial Joint Stock Bank (SHB). The outlook on SHB’s long-term ratings is stable.
Moody's Investors Service, also known as Moody's, has just upgraded the long-term local and foreign-currency deposit and issuer ratings of the three leading joint stock commercial banks of Vietnam.
VietJet is borrowing nearly VND7.5 trillion (equivalent to US$328.67 million) to pay a deposit on airplane purchase contracts, VietJet reported.
The government has just required an additional 0.5 per cent decrease in interest rates of loans to support enterprises as well as stabilize credit growth.
The proposal to tax bank deposit interest is controversial among experts and the public.
According to the draft circular of the State Bank of Vietnam (SBV), non-resident foreigners can deposit savings in both local and foreign currency at commercial banks, a positive move not only to limit speculation in the market but also guarantee legal reights for non-residents presenting in Vietnam.
