Vietnam's BIDV Significantly Raises Deposit Rates Amid Funding Challenges
BIDV, a major state-owned bank in Vietnam, has significantly raised its deposit interest rates for terms of 6 months or more to up to 7.4% per year. This marks a high point for the bank's online deposit rates and positions it among the highest in the system. The move comes amid a slowdown in deposit growth compared to credit expansion.
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