VOV.VN - Domestic gold prices set a new record on March 7 as they hit VND82 million per tael for SJC gold bars and VND68.8 million per tael for gold rings.

VOV.VN - Vietnam will enjoy favourable conditions to fuel its economic recovery this year despite the global moderate growth forecast, said Paulo Medas, head of the International Monetary Fund (IMF) team to Vietnam.

Deposit interest rates at four major banks of Vietnam were adjusted sharply, down by 0.4% per year from the previous listings, bringing the rate to 1.8% per year at the lowest.

Savings interest rates have set a new record low of only 1.9% per year for a 1-2-month term.

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.

Vietnam has developed a system of hydrometeorological and environmental monitoring stations across the country, including monitoring acid deposition, Deputy Minister of Natural Resources and Environment Le Cong Thanh said at the 25th session of the Intergovernmental Meeting on the Acid Deposition Monitoring Network in East Asia (EANET) held in Hanoi on November 29.

The race to lower deposit interest rates among banks is expected to continue until the end of 2023, according to analysts.

Going against the usual rule of gradual increases in the last months of a year, deposit interest rates in most banks are anchored at low levels, and even some continue to decrease.

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

Commercial banks have persistently reduced deposit interest rates, resulting in rates for many terms now standing at just above 6% per annum.