Deposit interest rates at four major banks of Vietnam have been adjusted sharply, down by 0.2-0.4% per year from the previous listings, bringing the rate to 2.2% per year at the lowest.

The four biggest banks in Vietnam have strongly cut interest rates for various deposit terms to the lowest levels of the year.

To date, 10 provinces have sent their lists of projects for access to a VND120 trillion (US$5.11 billion) housing credit package, heard an online conference on reviewing a resolution to remove difficulties for the development of the real estate market chaired by Prime Minister Pham Minh Chinh on August 3.

The sale of insurance products through agency channels, including banks of some insurers, saw many violations, especially regarding the consultation of bank staff and brokers, according to the Ministry of Finance’s inspection result report.

VOV.VN - The Vietnam Report JSC recently published a list of the top 10 prestigious banks in the nation for 2023.

VOV.VN - A total of five local banks have been included in this year's Forbes list of the world’s 2,000 largest firms.

Many banks plan to increase their charter capital in 2023 in order to ensure operational safety and have more resources for business development.

The non-life insurance sector has seen a flurry of merger and acquisition (M&A) deals over the past two years, partly reflecting the attractiveness and keen competition of the market, which still has room for growth.

VOV.VN - The Bank for Investment and Development of Vietnam (BIDV) has been awarded the Best Foreign Exchange Bank in Vietnam by The Asian Banker (TAB) and Asian Banking & Finance (ABF) magazines.

The group of the four biggest State-owned banks (Big 4) have launched preferential loan packages with interest rate reductions of up to 3% per year to lower short-term lending rates to only 7% per year.