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Vietnam Banks Adjust Savings Interest Rates to Attract Depositors
On December 6, Techcombank and VPBank adjusted their savings interest rates, with Techcombank offering up to 5.1%/year for high-end customers on longer terms, while VPBank's highest rate reached 5.7%/year for large deposits over 24 months. Both banks have implemented increases of approximately 0.2 percentage points to attract depositors amid rising capital needs and exchange rate pressures.
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