2024 Vietnam deposit interest rates expected to bottom at 5.25-5.5% with 13-14% credit growth.

Vietnam's deposit interest rates are unlikely to decrease further and are expected to hit bottom in Q1 of 2024, as credit demand increases this year, according to analysts from MB Securities Company. Credit growth in 2024 is forecasted to reach 13-14%. Despite this, 12-month deposit interest rates at large commercial banks are anticipated to rise by 25-50 basis points, reaching 5.25-5.5% in 2024.

March 18, 2024
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