HANOI, Aug. 23 (Xinhua) -- Vietnam's commercial banks have reported slight increases in short-term deposit interest rates in Vietnamese dong, the State Bank of Vietnam has said in its July report.
Non-term depositors or those with under one month term will receive an interest rate of 0.2 percent per year.
The deposit interest rates for terms from one to under six months have been maintained at 2.4-3.4 percent per year.
The rates for longer term deposits of six to 12 months and 12 to 24 months have increased to 4.4-4.8 percent and 5.5-6.2 percent per year, respectively.
The highest interest rate of 6.9-7.4 percent has been applied for terms above 24 months.
MB Securities company forecast that thanks to the accelerating recovery of production and investment, the capital demand will continue to be on the rise, slightly adjusting the 12-month interest rate up by 50 percentage points, to 5.2-5.5 percent by the end of 2024.
Meanwhile, lending interest rates are expected to be kept stable to support production and businesses. ■