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Top 5 Banks That Increased Savings Interest Rates Last Week
Last week, the market witnessed several banks adjusting their deposit interest rates upward, primarily for short-term tenures. Notably, one bank raised its deposit interest rate for terms under six months to the maximum limit of 4.75% per annum.
Banks Embrace Thinner NIMs Proactively
In the future, the game-changer for banks won't solely be access to cheap capital, but rather the efficiency of their operational frameworks. The bank that leads in digital transformation, slashes operational costs, and proactively maintains a low net interest margin (NIM) to offer competitive lending rates will secure a significant competitive edge in the market.
Free Health Insurance for Students and Seniors Over 65 in Ho Chi Minh City
At its 5th session on November 14th, the Ho Chi Minh City People's Council passed a resolution outlining financial support for health insurance premiums for both seniors and students residing in the city. This initiative allocates nearly 2 trillion VND to provide free health insurance coverage for over 2 million students and more than 530,000 individuals aged 65 and above.
