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Vietnam’s deposit interest rates to remain low until mid-2024

HANOI, March 28 (Xinhua) — Vietnam’s deposit interest rates are expected to remain low until the middle of 2024, with a slight increase anticipated due to higher credit demand, Vietnam News reported Thursday, citing analysts.

The current rate for a 12-month deposit stays below 5 percent per year, down 0.5 percentages points from the previous month, according to the report.

Shorter term deposits, such as