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VnnNews – While commercial banks need long term capital, they can only raise short term deposits. VnnNews – While commercial banks need long term capital, they can only raise short term deposits.   Deposit interest rate race kicks off Banks raising long-term US$ deposit interest rates < />Commercial banks clamour for end of...

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VnnNews – A curious phenomenon can be seen at commercial banks – the 9.99 percent interest rate for all kinds of deposits. With several hundred million dong in his pocket, Phuc wants to make a deposit. He has checked information on interest rates offered by different banks and noticed all offer 9.99 percent – the ‘three...

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