{"id":901,"date":"2023-06-22T04:36:56","date_gmt":"2023-06-22T04:36:56","guid":{"rendered":"https:\/\/qpg.webtogo.vn\/interest-rates-continue-to-fall-deeply\/"},"modified":"2023-07-06T04:48:49","modified_gmt":"2023-07-06T04:48:49","slug":"interest-rates-continue-to-fall-deeply","status":"publish","type":"post","link":"https:\/\/qpgroup.vn\/en\/interest-rates-continue-to-fall-deeply\/","title":{"rendered":"Interest rates continue to fall deeply"},"content":{"rendered":"<p>Big commercial banks continued to further reduce their deposit and savings interest rates (IR) from 0.5 to 0.7% per year compared to the beginning of June.<br \/>\nThe interest rates of deposits and savings in VND of Vietcombank, BIDV, Vietinbank, Agribank for the term of 1, 2 months, to 3.4%\/year; 3 months to 4.1%\/year; 6, 9 months remaining 5%\/year; from 12 months or more to 6.3%\/year. On June 19, other commercial banks simultaneously reduced the deposit rate to save dong.<\/p>\n<p>The terms of less than 6 months are reduced to a maximum of 4.75%\/year; For terms of 6 months or more, deposit mobilization rates range from 5.5 to 8%\/year. According to the State Bank of Vietnam, the average deposit rate of banks is about 5.8%\/year, down 0.7% compared to the end of 2022. The average lending rate in VND is about 8.9%\/year. , down 1%\/year compared to the end of 2022.<\/p>\n<p>In the interbank market, interest rates traded between banks decreased by 0.2-0.4%\/year, depending on the term. Interbank interest rate on June 20 at overnight term is 0.55%\/year; 1\u20132 weeks to 0.8 &#8211; 1.48%\/year; 1 month remaining 2.54%\/year; 3 months to 4.51%\/year; 6 months to 6.8%\/year; 9 months to 8.04%\/year&#8230; This interest rate is lower than in August 2021, when the Covid-19 epidemic took place.<\/p>\n<p>Source: Thanh Nien Online<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Big commercial banks continued to further reduce their deposit and savings interest rates (IR) from 0.5 to 0.7% per year compared to the beginning of June. The interest rates of deposits and savings in VND of Vietcombank, BIDV, Vietinbank, Agribank for the term of 1, 2 months, to 3.4%\/year; 3 months to 4.1%\/year; 6, 9 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[51],"tags":[],"class_list":["post-901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Interest rates continue to fall deeply - QP Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/qpgroup.vn\/en\/interest-rates-continue-to-fall-deeply\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Interest rates continue to fall deeply - QP Group\" \/>\n<meta property=\"og:description\" content=\"Big commercial banks continued to further reduce their deposit and savings interest rates (IR) from 0.5 to 0.7% per year compared to the beginning of June. 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