(HBO) - According to the State Bank of Vietnam (SBV)’s Hoa Binh provincial branch, the total capital mobilised in the locality by the end of February 2023 by credit institutions neared 40.6 trillion VND (about 1.73 billion USD), up 0.9% compared to the beginning of the year, in which the amount mobilised from organisations and individuals was 30.5 trillion VND , up 1.3%, and deposits from individuals topped 72.5% of the total mobilised capital.


VietinBank’s Banch in Hoa Binh province works to attract deposits to meet demand for loans in the locality.

Credit institutions in the province have offered interest rates from 0.1-1% per year for less-than-a-month deposits. With deposits from 1 month to less than 6 months, the interest rates are set at 4.6 to 6.0% a year at commercial banks and from 3.5 to 5.6% a year at people's credit funds.

For deposits determined by market supply and demand with a term of 6 to 12 months, commercial banks have set interest rates from 6-8.6%; from 4-7.5% a year at people’s credit funds; with a term from 12 months and above, interest rates are set from 7.4-8.9% a year at commercial banks and from 6.2-7.8% a year at people’s credit funds.

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