Vietnamese banks reduce interest rates below 8.8%
Domestic banks in Vietnam have reduced their deposit interest rates to below 8.8% for all terms of 12 months or less in line with the central bank’s instructions.
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Four State-owned banks have further cut deposit interest rates by 0.2-0.3 percentage points to reach around 7 per cent for 12-month deposits.
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Vietnam's Deputy PM has asked the industry ministry to study a pricing mechanism similar to that applied to build-transfer transport projects for wind, solar power projects that missed out on preferential feed-in-tariffs.
Domestic banks in Vietnam have reduced their deposit interest rates to below 8.8% for all terms of 12 months or less in line with the central bank’s instructions.
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