Tag: negative working capital

"Non-term deposits, or CASA, are set to be a pivotal factor in controlling banks' funding costs in the medium to long term. This underscores the urgent need for commercial banks to step up their customer retention strategies, thereby maintaining a stable and sustainable CASA capital stream."

"This August, VPBank is offering an attractive interest rate for online savings accounts with a term of 24 months or more. With a competitive rate that beats the competition, VPBank is the smart choice for those looking to grow their savings."

The sharp rise in interbank VND interest rates narrowed the gap with USD interest rates, easing pressure on exchange rates. However, this also resulted in increased capital costs for banks.