Vietnam Interest rate rises to nearly 10%

November 20, 2009 - VietBank raises deposit rates for both dong and US dollar.

...the deposit rate for one-month term was raised to 9 percent per year; three months of 9.5 percent per year; 12 months of 9.71 percent per year and 36 months of 9.8 percent per year. As for deposits in US dollar, the interest rate for three-month term of 2.58 percent per year, six months of 2.8 percent per year, nine months of 3 percent per year, 12 months of 3.1 percent per year and 24 months of 3.4 percent per year.

Especially, VietBank has applied the bonus interest rates for deposits in dong with total amount of over 50 million dong. The depositors may receive additional interest rates of 0.03-0.15 percent per year, depending on the deposit value.