Hanoi (VNA) – The deposit interest rates at majorbanks has continued to decrease since the beginning week of September.
With its adjustment from 5.6 percent to 5.5 percent annuallyfor 12-36 month-term savings, the Bank for Investment and Development ofVietnam (BIDV) and the Vietnam Bank for Agriculture and Rural Development (Agribank) are maintaining the lowest rates in the banking sector, like the Joint Stock Commercial Bank for Foreign Trade of Vietnam(Vietcombank).
Meanwhile, the Vietnam Joint StockCommercial Bank for Industry and Trade (VietinBank) keep itsdeposit interest rate at 5.6 percent for savings from 12 months. Interest rates for savings with terms from 1-3 months arevaried from 3.1-3.4 percent per annum, while the rate for 6-9-month savings is 4percent per year.
Reductions between 0.2-0.4 percent has been seen in depositinterest rates for different saving terms in joint stock commercial banks.
Statistics from the State Bank of Vietnam showed that the interest rates havebeen at the lowest level in many years.
However, some banks have still kept deposit interest rates at over 7 percent perannum for large savings, including the Asia CommercialBank (7-7.3 percent), Techcombank (7.1 percent), and MSB (7 percent).
Economist Nguyen Tri Hieu held that in order to helpbusinesses overcome COVID-19 impacts, it is necessary to set up credit complex inassociation with a Credit Guarantee Fund with a total loan limit of 300 trillion VND with the engagement of banks at a participation rate of about 3percent of each bank's outstanding loans./.
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The Ministry of Planning and Investment (MPI) has consulted community businesses to develop the Government's resolution on supporting businesses during the COVID-19 pandemic.
Commercial banks have continuously announced lending interest rate reductions to support and accompany customers to overcome the adverse impacts of the COVID-19 pandemic.
The State Bank of Vietnam (SBV) has issued a Decision 1349/QD-NHNN on interest rates applicable to reserve requirement deposits and excess reserves of credit institutions and foreign banks’ branches in the SBV.
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Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
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Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
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Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
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A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative image (Source: VNA) 
