Banks lower deposit rates to under 8.5%
In response to the central bank’s instruction, local commercial banks lowered deposit interest rates to below 8.5% for maturities of 12 months or less.
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The southern largest economic hub of HCMC is striving to achieve an annual growth rate of at least 10% in the inflow of remittances during the 2023-2025 period.
However, the Vietnamese rubber market share is shrinking here, while the market shares of Indonesia, China, the Philippines, Cambodia, and Singapore tend to increase.
There remains an ample room for Vietnamese exports to Africa, as the country accounts for only 0.6 per cent of the continent's total import of US$600 billion per year.
In response to the central bank’s instruction, local commercial banks lowered deposit interest rates to below 8.5% for maturities of 12 months or less.
Despite a drop in overall imports in Jan-May period, Vietnam's imports of crude oil, coal, and gas rose significantly, according to latest data from the General Statistics Office.
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