Vietnam deposit interest rate

Vietnam deposit interest rate closed up 5.08 as of December 31, 2023 from 3.56 from the previous day, 4.74 last week and 6.62 last month.

Vietnam deposit interest rate Analytics & Data

Vietnam deposit interest rate Statistics

Vietnam deposit interest rate Factors

Vietnam deposit interest rate Historical Data

The MacroVar database offers free access to historical data for the Vietnam deposit interest rate, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Vietnam deposit interest rate data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Vietnam deposit interest rate

The deposit interest rate in Vietnam refers to the percentage of interest that individuals or businesses can earn on their deposits in Vietnamese banks. This rate is set by the State Bank of Vietnam and can vary depending on economic conditions and government policy. A higher deposit interest rate typically means that individuals can earn more money on their savings, while a lower rate may incentivize spending and investment in the economy. The deposit interest rate plays a crucial role in shaping the financial landscape in Vietnam and can impact the decisions of savers and investors in the country.