Heineken to shift production from Singapore to Vietnam and Malaysia
Dutch brewer Heineken will shift its brewing production from Singapore to Vietnam and Malaysia as part of its strategy to build a more agile regional supply approach.
Banks lower deposit interest rates to COVID-19 levels
Two more State-run commercial banks, Vietinbank and BIDV, on September 19 lowered their deposit interest rates matching the lowest level recorded during the COVID-19 pandemic.
 |
| Banks lower deposit interest rates to COVID-19 levels |
For three-month deposits, the rate was revised down from 3.8% to 3.5% per year, while that for deposits with six or nine-month tenures is 4.5% per year, down by 0.2 percentage point.
The rate for deposits with a 12-month term was also lowered by 0.3 percentage point to 5.5% per year.
For one-month and two-month deposits, the rate remains at 3%.
These rates at the two banks are similar to those of Vietcombank and Agribank, revised down on September 14.
In addition to these big four, many commercial banks previously announced reductions in deposit interest rates, especially for terms of 6 months or more.
As at Saigonbank, deposit interest rates decreased by 0.3 percentage point a year to 6.3% per year for a 13-month term, making this the largest reduction.
BacABank also reduced the rate from 0.25-0.3 percentage point a year for deposits with terms from 6 months, bringing the bank's highest interest rate down to 6.4% a year./.
Bài liên quan
Dành cho bạn
Đọc thêm
Lynas secures Vietnam metal processing deal with LS Eco Energy
Australian rare-earths miner Lynas has signed a framework agreement with LS Eco Energy to produce rare earth metals at a new facility in Vietnam.
Vietnam and EU seek to strengthen ties in transport infrastructure and urban development
Vietnam and the EU will enhance cooperation in transport infrastructure and sustainable urban development in the future, a meeting has heard.
Warburg Pincus eyes participation in Vietnam International Finance Centre
Global private equity firm Warburg Pincus is keen on participating in the Vietnam International Finance Centre, according to a conference held on March 23.
Novatek eyes expanded LNG cooperation in Vietnam
As Vietnam races to secure its energy future and meet the demands of its surging economy, a new partnership with a Russian energy giant is taking shape, signalling a deepening of the nations' long-standing ties.
EU to mobilise over $1 billion for major infrastructure projects in Vietnam
The European Union has launched a $46.4 million Sustainable Transport Development Fund to support large-scale infrastructure projects in Vietnam, with plans to mobilise additional financing from banks and private partners.
NIC partners with TU Berlin to boost Vietnam innovation ties
The National Innovation Centre has partnered with a leading technical university in Berlin to strengthen innovation and startup linkages between Vietnam and Germany.
ACB proposes $20 million non-life insurance subsidiary
Southern lender ACB has unveiled a formal proposal to establish a non-life insurance subsidiary as part of a strategic pivot to evolve into a comprehensive financial services provider by 2030.
