Vietnam’s savings interest rates begin rising

FILE PHOTO: A Vietnamese flag flies atop the State Bank building, near the Vietcombank and Bank for Investment and Development of Vietnam buildings, in central Hanoi, Vietnam November 23, 2017. REUTERS/Kham/File Photo

Ho Chi Minh City: While some commercial banks continue lowering deposit interest rates, others are increasing rates, particularly for term deposits of 12 months or longer.

As of early April, six commercial banks have raised their savings interest rates, including VPBank, SHB, Eximbank, HDBank, MSB, and Kienlongbank.