http://www.tuoitrenews.vn/cmlink/tuoitrenews/business/banks-cut-deposit-rates-as-cpi-declines-1.100630
Wednesday saw many banks simultaneously slash deposit interest rates, while the Ho Chi Minh City Statistics Office announced a slight decrease in the city’s consumer price index.
The interest rate for deposits of a term between one and three months at Vietcombank was lowered from the rate cap of 8 percent a year to 7.5 percent a year.
The country’s third-largest partly-private lender also dramatically c