The deposit interest rates at major banks has continued to decrease since the beginning week of September.

As the market is witnessing adjustments in the rate of ownership for foreign investors in banks, analysts say that it depends on the strategy and business plan of each bank from time to time.

Commercial banks have continuously announced lending interest rate reductions to support and accompany customers to overcome the adverse impact of the COVID-19 pandemic.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) again tops the list of ten most prestigious commercial banks in Vietnam this year, according to the latest ranking announced by Vietnam Report.

According to the State Bank of Vietnam’s department of credit for economic sectors, as of April credit injected into rural and agricultural development had reached VND2.3 quadrillion (US$100 billion), or 24.6% of the banking sector’s total loans.

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) will provide a credit worth VND27.1 trillion (US$1.18 billion) for the Quang Trach 1 thermal power project in the centreal province of Quang Binh.

Vietnam Report Joint Stock Company has recently announced Vietnam’s Top 10 prestigious and effective public companies in 2021 with six of them in banking and finance sectors including Vietcombank, ACB, VPBank, VIB, MBBank and Techcombank.

As of 5pm on June 28, the national COVID-19 vaccine fund received over VND7.8 trillion (US$338 million), its management board said.

Local credit institutions are enjoying a rise in bancassurance activities with more exclusive deals coming, according to industry insiders.

VOV.VN - VNPAY-QR payment solution, a national brand that has consistently recorded impressive growth during the early part of the year, has been helping users to quickly pay for their shopping bills and other services in a manner which is both safe and convenient whilst not using cash.