VOV.VN - The State Bank of Vietnam (SBV) on June 3 sold SJC branded gold bars to four State commercial banks and a gold and gemstones company at a stable price in an effort to narrow the disparity between domestic and global gold bar prices.

Many banks are planning to sell shares to foreign investors with the aim of attracting more diverse capital and enhancing competitiveness.

Fifteen Vietnamese banks are named among the world’s top 500 most valuable banking brands this year according to the Brand Finance Banking 500 2024 ranking.

A decrease in deposit interest rates has been recorded in a number of banks from the beginning of April.

With profits exceeding VND20 trillion (US$833 billion) in 2023, many banks are eyeing to join the billion-dollar profit club this year.

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.

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.

The latest deposit interest rates at the four major banks have simultaneously decreased to the lowest level in one year.

More than 9,000 runners took part in the fourth Vietcombank Mekong Delta Marathon Hau Giang 2023 in Hau Giang province on July 16.