Vietcombank issues C/Ds in both US dollar and euro

Thursday, May 8, 2008
The Bank of Foreign Trade of Viet Nam, or Vietcombank recently issued Certificate of Deposits (C/Ds) in US dollar and euro to institutions and individuals with progressive interest rates.

Vietcombank's C/Ds have the highest interest rate of 6% per annum in US dollar and 2.7% per annum in euro.

At the same time, Vietcombank also increased dong deposit rates in some its branches to 12% per year, the highest level in the market at the moment.

The bank's these moves aim to increase its capital and limit capital rotation amongst banks due to the difference in interest rates.