02:08, 02/08/2013

Deposits rise despite interest rate decrease

Deposits in the whole Khanh Hoa Province during the past seven months hit over VND32,000 billion, increasing by 4.33% over the figure in the beginning of the year, according to the State Bank of Vietnam – Khanh Hoa Branch...

Deposits in the whole Khanh Hoa Province during the past seven months hit over VND32,000 billion, increasing by 4.33% over the figure in the beginning of the year, according to the State Bank of Vietnam – Khanh Hoa Branch.

Illustration.
Illustration.

Current VND deposit interest rates averagely are 1.2% per year to under-one-month term, 5 – 7% per year to 1 – 6 month term, 7 – 8.5% per year to 6 – 12 month term, 7.5 – 10% per year to over 12 month term. Even though there’s a decrease in interest rates, deposits have grown well.

T.T