Vietnam Money-Banks hike deposit rates to meet loan demand

Newswire

HANOI, Jan 21 (Reuters) - Banks in Vietnam have been offering higher interest rates on dong deposits in the past two weeks to meet soaring demand for corporate and consumer loans ahead of the Lunar New Year, bankers said on Monday. "Demand for the dong especially from the consumer finance and corporate sectors will continue to be very strong for the next three weeks," a Hanoi-based banker said, referring to the traditional Lunar New Year which will start from Feb. 7. Another banker in ...

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