Many commercial banks have recently raised their deposit interest rates in an attempt to satisfy new State Bank of Việt Nam’s regulations that are due to take effect in 2017. Leaders of some commercial banks said the raising deposit interest rates was designed to ensure liquidity. Due to the deposit rate hikes, there is some concern that a lending interest rate hike is imminent. SBV said it would continuously instruct commercial banks to balance their capital sources and lending capital sources to stabilise deposit interest rates in the remaining months of the year. As a result, lending interest rates have been rather stable despite the fact that the banks are competing with each other to raise their deposit interest rates.

Source: Viet Nam News September 13, 2016 01:52 UTC