Vietcombank reportedly offers unlisted, preferential savings interest rates of up to 8% for certain terms.
These rates exceed the bank's officially posted rates.
Bank staff verbally present these incentives at transaction counters to attract larger deposits.
This practice occurs despite directives from the State Bank of Vietnam (SBV) to stabilize interest rates.
A growing gap between Vietcombank's loan disbursements and deposit growth drives the need to secure capital.
The SBV recently announced plans to inspect banks that fail to comply with its interest rate directives.