VPBank increase interest rates for deposits in Vietnamese dong

VPBank has just made public new interest rates for deposits in Vietnamese dong. Accordingly, interest rate for 7-36 month term deposits is 12% a year and for six month terms and below is 11.5% a year.

Interest rate for deposits in US dollars will be maintained at 6% a year for all terms from 1 month onwards.

In addition, VPBank has also introduced progressive interest rates for no-term deposits in Vietnamese dong. Accordingly, the more money the client deposits, the higher the interest rates are.

ND

>   What’s behind the ceiling interest rate agreement? (05/05/2008)

>   Solutions for controlling inflation and stabilising the economy (05/05/2008)

>   Dong falls as central bank sets weaker reference rate (05/05/2008)

>   KDB ups stake in financial leasing company (03/05/2008)

>   Gold prices drop to VND17 million per tael (03/05/2008)

>   State bank gives nod to additional gold import (03/05/2008)

>   Making money produces more money (02/05/2008)

>   Interest rate: new ceiling, old story (02/05/2008)

>   Military Bank’s profits hit 15 million USD (02/05/2008)

>   PM urges ministry to speed up bond issue (02/05/2008)