HÀ NỘI — Institutions and individuals deposited some VNĐ2.57 quadrillion (US$113.2 billion) at eight listed commercial banks by the end of 2016. The listed banks include BIDV, Vietcombank, VietinBank and Asia Commercial Bank, as well as Military Bank, Eximbank, Việt Nam International Bank and National Citizen Bank. The amount of money was equal to 1.5 times of the country’s stock market capitalisation. The interest rate for dollar deposits was commonly zero per cent for individuals and economic institutions. According to the current legal regulations, depositors do not have to pay income tax.

Source: Viet Nam News February 08, 2017 09:11 UTC