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

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.

VOV.VN - VietinBank and MUFG Bank, Ltd. (MUFG) have commemorated 10 years of strategic alliance that enabled both organizations to support the growth of Vietnam’s banking sector and foster deeper Vietnam-Japan business and knowledge exchanges.

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

Having hold of a large amount of bad debts mortgaged by real estate, Vietnam’s four biggest State-owned banks are urgently recovering the debts, but the work remains tough for them due to the slowdown of the realty market.

The number of new customers of commercial banks has increased dramatically in recent years thanks to their digital applications.

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.

VOV.VN - The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has won the title of the world’s best foreign exchange provider for the fifth consecutive year by prestigious magazine Global Finance.

VOV.VN - The Asian Banker has honoured the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) as the Best Digital Banking Initiative in the Asia-Pacific region this year.

The Vietnam Report JSC has recently published the list of the top 10 prestigious banks in Vietnam in 2022.