Vietnam's deposit interest rates expected to remain low until mid-2024, with a slight increase to 5-5.5% in 2024.

Vietnam's deposit interest rates are predicted to remain low until mid-2024, with a slight increase expected due to increased credit demand. Current 12-month deposit rates stay below 5% per year, and experts anticipate a 25-50 basis point increase in 2024, returning the rate to between 5-5.5% per year. Lower interest rates are expected to help businesses and individuals access capital at more reasonable costs, supporting recovery in production, business activity, and consumption.

March 28, 2024
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