Monday 23 June 2008

VPBank Raises Deposit Rate to 18.8%

Monday, June 23, 2008
Viet Nam Joint-Stock Commercial Bank for Private Enterprises, known as VPBank, has raised the rate on deposits held for six months to 18.8%, the Dau Tu newspaper reported.

The State Bank of Viet Nam this month raised its benchmark interest rate to 14% from 12% to cool inflation.