This is the new bottom of deposit interest rates in the market. Among the four largest State-owned banks, including Agribank, Vietcombank, VietinBank and BIDV, Vietcombank currently applies the lowest deposit interest rate. Agribank follows with a deposit interest rate of 2.2 per cent per year for short-term deposits of 1-2 months. Vietcombank Securities Company (VCBS) said deposit interest rates have dropped deeply and there is little room for further reduction. However, in the period when the economy is recovering, the current low deposit interest rates need to be maintained to pull lending interest rates down further.

Source: Viet Nam News December 28, 2023 08:42 UTC