Home Finance

VND2.57 quadrillion deposited at listed banks

Feb 9th at 09:34
09-02-2017 09:34:36+07:00

VND2.57 quadrillion deposited at listed banks

Institutions and individuals deposited some VND2.57 quadrillion (US$113.2 billion) at eight listed commercial banks by the end of 2016.

 

The listed banks include BIDV, Vietcombank, VietinBank and ACB, as well as MBBank, Eximbank, VIB and NCB.

The amount of money was equal to 1.5 times of the country’s stock market capitalisation.

Currently, interest rates average at 0.8-1 per cent per year based on demand and for below one-month terms, 4.5 -5.4 per cent per year for one-to-six-month terms, 5.4-6.5 per cent per year for 6-to-12 month terms and 6.4-7.2 per cent per year for 12-month-plus terms.

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.

bizhub

MOST READ

NEWS SAME CATEGORY

HCM City’s customs department to control taxable prices
FINANCE Feb 9th at 09:32

HCM City’s customs department to control taxable prices

HCM City’s customs department has said that it will closely control prices of taxable consumer goods with high import value and high tax rates to manageefficiently...

January State budget revenue reaches US$4.3 billion
FINANCE Feb 9th at 09:29

January State budget revenue reaches US$4.3 billion

State budget revenue in January was estimated at VND97.4 trillion (US$4.3 billion), the Ministry of Finance said.

Vietcombank honoured by finance mag
FINANCE Feb 8th at 09:16

Vietcombank honoured by finance mag

The Bank for Foreign Trade of Viet Nam (Vietcombank) has been voted the country’s best treasury and cash management bank.

Inter-bank rates drop sharply after Tet
FINANCE Feb 8th at 09:11

Inter-bank rates drop sharply after Tet

Interest rates for Vietnamese dong loans of different tenors have dropped sharply on the inter-bank market following the Tet (Lunar New Year) holiday.

HDBank becomes successful case in VN’s bank restructuring
FINANCE Feb 8th at 09:09

HDBank becomes successful case in VN’s bank restructuring

HDBank continuously posted record high profit in 2016, making it the most successful case in the country’s bank restructuring.

HCM City cranks up fight against tax evasion
FINANCE Feb 8th at 08:15

HCM City cranks up fight against tax evasion

HCM City wants tax and customs agencies to strengthen the fight against tax evasion, smuggling and trade fraud.

VNPT to divest capital from Maritime Bank
FINANCE Feb 7th at 09:21

VNPT to divest capital from Maritime Bank

The Viet Nam Post and Telecommunications Group (VNPT) will divest capital from the Maritime Bank.

Moody’s: TPP collapse will affect VN, but not severely
FINANCE Feb 7th at 09:19

Moody’s: TPP collapse will affect VN, but not severely

The potential collapse of the Trans-Pacific Partnership (TPP) trade pact may not impact Viet Nam’s sovereign credit quality as much as was projected earlier...

US dollar devalued against dong
FINANCE Feb 7th at 09:16

US dollar devalued against dong

After rising against the Vietnamese currency ahead of Tet, the US dollar devalued against the dong on the first working day of the Lunar New Year.

Vietcombank blames outdated technology for unpaid interest
FINANCE Feb 6th at 13:14

Vietcombank blames outdated technology for unpaid interest

One of Vietnam’s biggest banks in terms of assets blamed the automatic rounding of numbers in its system for VND9.7 billion ($428,500) of wrongly calculated, unpaid...

Read More

Bank stocks

Insurance stocks

MOST READ

Back To Top