Thread: Commercial banks’ race to increase interest rates and predictable impacts

The race to increase interests rates for Vietnamese dong deposits among commercial banks in Vietnam has started since January, and has become especially hot after Tet, due to increasing demands for capital in Vietnamese dong while the supply is limited, leading to a scarcity in Vietnamese dong... Vietnam Business Finance: Commercial banks’ race to increase interest rates and predictable impacts

A gargantuan new interest rate was set on February 19: banks had to borrow on the inter-bank market at an interest rate of 43% per annum. Analysts say the inter-bank market is are fiercely competing to attract VND capital.
When the last transaction on February 19 was finalized, a bank officer checked his messages and discovered that 18 of 31 were related to VND interest rates... Vietnam Business Finance: Interbank market in chaos; rate hits 43%