Bank

VPBank, one of Vietnam's leading commercial banks, has recently announced an adjustment to its savings interest rates.

Security has been tightened around the Ho Chi Minh City People's Court since 5 AM.

Following the guidance of the Prime Minister and the requirements of the State Bank, FE Credit - a subsidiary of Vietnam Prosperity Joint Stock Commercial Bank (VPBank) - has publicly announced the average lending interest rate.

When taking out a mortgage to buy a house or a small business loan, besides attractive interest rates, customers are also interested in the additional values that banks integrate into each product package.

From 2013 to 2020, Bui Anh Dung, the former Chairman of the Board of Directors of SCB, fraudulently approved 404 loan applications, causing a total loss of over 187.6 trillion VND for SCB. In addition to his exorbitant salary, Dung also received 500,000 shares (equivalent to 5 billion VND) as a bonus during the Tet holiday. Furthermore, in 2020 and 2021, he received a total of 40 billion VND.

This morning (March 5), the People's Court of Ho Chi Minh City commenced the trial of the defendant Truong My Lan and her 85 accomplices in the case involving Vang Thinh Phat Group Joint Stock Company, Saigon Commercial Bank (SCB), and other related companies, organizations, and entities (referred to as the Vang Thinh Phat case).

Since Tet holiday, the interest rates on the money market have been fluctuating. While many banks have been lowering their interest rates, a few banks have been cautiously increasing them. For example, Sacombank recently raised its 3-month term deposit interest rate by 0.1 percentage point to 2.7% per annum. Furthermore, BVBank increased its interest rates for longer terms such as 24 months and 36 months by 0.1 and 0.2 percentage points respectively, reaching 5.7% per annum and 5.9% per annum.

Interest rates for home loans have seen a significant decrease at most banks after the Lunar New Year. It is worth noting that there are now banks offering home loan interest rates as low as 0% per annum on the market.

The Tax Bureau requires local tax offices to review and promptly detect tax evasion in the trading and processing of gold, silver, and gemstones, as well as discrepancies between the actual cost, revenue, and reported data.

On the morning of March 5th, domestic gold prices continued to skyrocket, with the price of smooth round gold rings setting a new record.